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The Bank of England raised its base rate from 0.5% to 0.75% in a unanimous vote, but sterling fell about 0.8% against the dollar. Carney signalled a path of gradual further tightening, yet traders did not price in another hike before year-end.
The rate decision mainly affects UK financial conditions and sterling. Its effect on feed commodities is negligible beyond small currency-driven shifts in dollar strength.
independent.co.ukCaitlin MorrisonAug 2, 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.
