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Sterling held near a six-month high against the dollar on expectations of Bank of England rate hikes this year. Sterling was at $1.3632 and the euro bought 85.54 pence.
Analysts expect the rally to ease toward year-end amid sticky inflation and high government debt ahead of the October budget.
A firmer pound lowers sterling-denominated costs of dollar-priced feed imports for UK buyers. The rally is currency-driven and not tied to a supply change.
lse.co.ukAug 25, 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.
