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Sterling rose almost a cent against the dollar after three Bank of England policymakers voted for a rate rise in the June meeting. The Bank kept rates at 0.25%, but the 5-3 split was the closest vote for a hike since 2007.
Analysts still expected most MPC members to hold rates through the year, and the FTSE 100 fell as the pound strengthened.
A split MPC vote that raises the chance of earlier tightening supports sterling and weighs on UK equities through currency translation. The direct effect on feed and grain markets is minor.
bbc.comJun 15, 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.
