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The Bank of England cut its 2019 UK growth forecast to 1.2% from 1.7%, its weakest outlook since the financial crisis. The nine-member MPC unanimously held Bank Rate at 0.75%, citing Brexit uncertainty and a global slowdown.
Sterling fell about 0.6% to around $1.292.
A weaker UK outlook and softer sterling affect the cost of imported feed inputs priced in dollars for UK buyers, but the direct effect on grain and oilseed prices is limited.
cnbc.comSam MeredithFeb 7, 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.
