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ING expects the Bank of England to vote unanimously to keep policy unchanged at its November meeting and does not expect a rate hike before May 2019. Brexit is the central concern, and wage growth has been stronger than expected.
Growth could slow if businesses and consumers become more cautious.
Expectations of no rate hike keep sterling under pressure and affect currency-driven import costs for UK feed buyers.
think.ing.comJames SmithOct 29, 2018Not 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.
