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The pound fell from an 11-month high against the dollar after the Bank of England voted 6-2 to keep rates at a record-low 0.25%. The central bank also cut its 2017 UK growth forecast to 1.7% from 1.9%.
A hold with weaker growth forecasts pushes back expected rate hikes, which weakens sterling and affects the purchasing power of UK feed importers.
bloomberg.comAbigail Morris, John Ainger, Stefania SpezzatiAug 3, 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.
