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The Bank of England held its base rate at a record low of 0.25% but signaled a rate rise could come sooner than expected, possibly as early as November. Financial markets raised the odds of a November increase to 42% from 18% a week earlier.
Sterling jumped more than 1% against the dollar after the decision.
Higher odds of BoE tightening support sterling, which lowers the cost for UK buyers of dollar-priced feed ingredients. The impact on feed markets runs through currency and not through supply.
theguardian.comRichard PartingtonOct 1, 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.
