Loading…
Credit Agricole forecasts GBP/USD falling to 1.32 by end-Q2 and 1.30 in Q3, citing UK political risk after heavy Labour losses in May local elections. Leadership speculation around PM Keir Starmer is intensifying, and the bank expects fading expectations of Bank of England hikes to weigh on sterling.
GBP/USD was trading near 1.3456.
This is a sterling forecast driven by domestic UK politics and rate expectations, with no direct effect on feed commodity fundamentals. Any read-through to feed prices would be minor and currency-related.
exchangerates.org.ukDave TaylorJun 1, 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.
