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The Bank of England's comments pushed sterling up by about two cents to $1.34, a one-year high. Shares of major exporters fell as the pound strengthened, and UK housebuilders also dropped on expectations that higher rates would weigh on housing demand.
The move reflects the same BoE rate-hike signal that strengthened sterling, which trims UK buyers' cost of dollar-priced feed inputs. It has no direct effect on grain or livestock supply.
theguardian.comGraeme WeardenSep 14, 2017Not 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.
