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Sterling traded in a narrow range ahead of the Bank of England's Thursday policy review. Analysts at ING expected the BoE to hold rates and reaffirm that any tightening would wait for Brexit clarity, given the Article 50 extension to October 31.
A hold with no clear hawkish signal leaves GBP directionless, so there is little immediate effect on dollar-denominated feed input costs.
exchangerates.org.ukElaine HoustenApr 29, 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.
