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Sterling was little changed at $1.3468, near Thursday's one-month low of $1.3435, and was on track for a roughly 1.3% weekly decline. Inflation eased to its lowest level in close to a year, and a weakening UK labour market kept investors betting on further Bank of England rate cuts.
Expectations of BoE easing weaken sterling against the dollar, which has little direct effect on feed grain prices but can shift the cost of UK-linked imports and the dollar's broader pull on dollar-denominated commodities.
reuters.comSophie KiderlinFeb 20, 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.
