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Bank of England MPC member Gertjan Vlieghe said robust UK labour market conditions probably warrant a sustained tightening cycle, expecting one or two quarter-point rate rises per year. The pound gained as a result, and the Brexit transition was cleared at an EU Council meeting.
Expected BoE tightening supports sterling, which has a small indirect effect on UK feed import costs and little direct effect on grain prices.
poundsterlinglive.comJames SkinnerMar 23, 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.
