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Sterling strengthened across the currency pairs tracked in the 90 minutes after the Bank of England’s rate decision and Monetary Policy Report. It rose 0.21% against the Norwegian krone and 0.05% against the US dollar, its smallest reported gain.
A firmer pound can lower the cost of commodities and other imports for UK buyers, although the move against the dollar was minimal. The article describes market reaction rather than a change in feed supply or demand.
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.