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The pound jumped after the Bank of England held rates but a 6-3 vote and Andy Haldane's switch to a hike signalled that an August rise was possible. Lloyds and Maybank commented on the outlook, with Maybank noting the euro could rise as ECB President Draghi sounded more assured on inflation.
EUR/USD gained 0.3% on the day.
A more hawkish BoE and a stronger pound lower the sterling cost of dollar-priced grains and meals for UK buyers, while the euro's outlook affects EU import costs.
exchangerates.org.ukFrançois AuréJun 22, 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.
