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The pound fell to its lowest level against the euro in more than two and a half years after the threat of higher taxes in next month's budget and slowing growth. Sterling also slumped against the dollar after a bigger-than-expected downgrade to the UK productivity outlook.
Downgraded growth and expected tax increases weigh on sterling, which affects the cost of euro- and dollar-priced feed imports for UK buyers. The currency move reflects fiscal and growth concerns rather than any change in agricultural supply.
theguardian.comPhillip InmanOct 29, 2025Not 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.
