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Markets moved to expect the first Bank of England rate rise as soon as February 2018, after UK CPI hit 2.9% in May. Three MPC members had voted for a rise at the June meeting.
Higher UK rate expectations support the pound and interest-rate-sensitive sterling trade, with a limited direct effect on feed commodity prices.
schroders.comAndrew OxladeJul 10, 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.
