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Bank of England Governor Mark Carney said a no-deal Brexit would make a policy stimulus more likely than a tightening. He added that the Bank's forecasts do not include no-deal risk, which markets already price into interest rate expectations.
Sterling did not move on the remarks.
Signals of possible stimulus after a no-deal Brexit weigh on rate expectations and the pound's outlook. Currency moves of this kind have little direct effect on grain or oilseed prices.
teletrade.orgJun 26, 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.
