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Interest-rate trading implied a 25-basis-point increase to 4.00% from 3.75% ahead of the Bank of England decision on November 5. UK CPI inflation rose to 3.5% in September from 3.1% in August, driven mainly by higher motor-fuel costs, and the BoE's September vote split three to six on raising rates.
Persistent UK inflation driven by fuel costs keeps the BoE on a tightening path, which supports sterling and raises borrowing costs for agricultural businesses. The energy-price channel also links this to higher transport and processing costs for feed.
econotimes.comMiriam HartNov 2, 2026Not 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.
