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Sterling fell more than 1% against the dollar after the Bank of England raised rates to 0.5% with seven members in favour. The bank said future increases would be gradual and limited, and the pound traded near $1.31.
A weaker pound against the dollar tends to lift the dollar's relative strength, which can pressure dollar-denominated grain and meal prices in export markets.
cnbc.comSilvia AmaroNov 2, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
