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Bank of England Deputy Governor Dave Ramsden said he still sees a case for gradual interest rate increases if Britain achieves a smooth EU departure. He noted the BoE's guidance still applies in a deal scenario, while some other policymakers have floated rate cuts if uncertainty persists.
Sterling edged higher after his remarks.
Diverging BoE signals on rates shift expectations for sterling and the dollar, which affects dollar-denominated feed commodity prices for UK and European buyers. The effect on grain and meal prices is indirect and modest.
financialpost.comReutersOct 18, 2019Not enough comparable past events yet for a historical read.
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.
