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Jonathan Haskel, who joins the BoE Monetary Policy Committee in September, told Parliament's Treasury Select Committee he sees more slack in the UK economy than the BoE has factored in. He said it is a close call on rates but he agrees with the broad direction of travel.
Sterling came off its daily highs after the comments.
Expectations that UK rates will stay lower for longer weaken sterling, which raises the dollar cost of imported feed ingredients for UK buyers.
poundsterlinglive.comNews, Data, ForecastsJun 26, 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.
