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Sterling was little changed after a six-session rally against the dollar, as the Bank of England raised rates to 4% from 3.75% in an 8-1 vote. The trade-weighted pound reached its highest level since the 2016 Brexit vote, and some policymakers signaled the total tightening could be smaller than markets priced.
A stronger pound and a tighter BoE path shift the relative cost of UK-sourced and dollar-priced feed inputs. The direct link to feed commodity prices is weak.
Not 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.