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Sterling fell to a two-week low after the Bank of England voted 7-2 to hold its rate at 0.75%, with two members unexpectedly backing a cut. Markets had expected a unanimous hold and the pound dropped to around $1.28.
A dovish BoE split raises expectations of UK rate cuts, weakening sterling; for feed buyers this is a currency move affecting UK import costs and British-priced commodity demand rather than a direct grain driver.
aljazeera.comReutersNov 7, 2019After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
