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Bank of England Governor Mark Carney said policymakers will be 'prudent not passive' after Britain leaves the EU, closely watching exchange rates and other inflation factors. Brexit jitters have raised British banks' funding costs and hit domestic-focused shares.
Markets saw only about a 50 percent chance of a BoE rate hike this year.
Feed buyers see little direct grain impact here; the story mainly signals sterling and rate volatility that can affect UK import costs and the GBP-linked feed trade.
reuters.comDavid MillikenJan 9, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
