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The British pound edged lower against the dollar on May 29, trading near $1.3410 within a two-week range of $1.33 to $1.35. Bank of England Governor Andrew Bailey said there was no urgency to raise rates and that tolerating inflation above target was justified given Iran war uncertainty.
Money markets still priced about 32 basis points of tightening this year.
This is a currency and interest-rate story with no direct feed grain or oilseed supply impact. A firmer or weaker pound only marginally shifts UK feed import costs and has little effect on global feed prices.
reuters.comSamuel IndykMay 29, 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.
