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The Bank of England kept rates at 0.5% and signalled a much more cautious path for rate rises, with the next increase likely later in the year. The bank cut its 2018 growth forecast after weak first-quarter GDP of 0.1%, partly blamed on bad weather.
A slower rate-hike path weakens sterling and can raise dollar-priced feed import costs for UK buyers. The effect is a macro currency driver, not a grain fundamental.
bbc.comKamal AhmedMay 10, 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.
