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The Bank of England raised interest rates to 0.75% in a 9-0 vote, which surprised markets, and sterling initially rose before reversing. Inflation and growth forecasts were raised, and the central bank signalled further hikes over coming months.
The hawkish rate path supports sterling over time but does not affect feed grain or protein supply and demand. Any commodity effect would only come through broader dollar moves.
poundsterlinglive.comNews, Data, ForecastsAug 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.
