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Capital Economics now expects the Bank of England to cut rates within months, even if Brexit is delayed beyond October 31. The firm also cut GDP forecasts after ONS revisions and sees little upside for sterling.
Sterling is near historically low levels.
Expected BoE cuts and weak sterling would raise UK dollar-priced import costs for feed ingredients. Effects on global grain and meal prices are small.
poundsterlinglive.comJames SkinnerOct 10, 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.
