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Sterling jumped against the dollar and euro after the Bank of England held rates at 0.5% but voted 6-3, with chief economist Andy Haldane switching to support a hike. The minutes signalled that an August rate increase was more likely.
Sterling gained almost a cent against the dollar.
A hawkish shift in BoE policy lifted sterling, which lowers the sterling cost of dollar-priced feed commodities for UK buyers and can soften import costs.
independent.co.ukCaitlin MorrisonJun 21, 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.
