Loading…
The Bank of England voted 9-0 to hold its benchmark rate at 0.5% and keep quantitative easing unchanged, as widely expected. Attention shifted to UK inflation at a five-and-a-half-year high and to when rate rises might come.
Holding rates keeps sterling supported relative to some peers while policy stays cautious amid Brexit uncertainty. For feed buyers this is a currency and macro backdrop with little direct grain or feed price impact.
cnbc.comNatasha TurakDec 14, 2017After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
