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Bank of England Governor Mark Carney and Prime Minister Theresa May spoke at a BoE conference marking two decades of central bank independence. Carney said monetary policy cannot prevent weaker real income growth from Brexit, suggesting rate rises would be limited and gradual.
Sterling dropped about 50 points to a low of 1.3340 against the dollar.
Signals that BoE hikes will be gradual and limited weaken the case for a sustained sterling rally, which modestly raises UK buyers' cost of dollar-priced feed ingredients. The effect on feed prices is indirect.
poundsterlinglive.comJames SkinnerSep 28, 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.
