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The Bank of England kept its policy rate at 0.75% unanimously, while Governor Mark Carney signaled rates may rise more than markets expect. Markets expect only one hike before 2021.
The commentary argues investors could be wrong-footed if Brexit proves less damaging than feared.
Divergence between BoE guidance and market pricing can strengthen sterling if hikes are priced in, affecting currency-linked import costs. Direct grain and feed price effects are minimal.
moneyweek.comJohn StepekMay 3, 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.
