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The pound is heading for its longest monthly losing streak in nine years and is poised for its lowest daily close against the dollar since April 11. Options pricing has turned the most bearish in three months as investors prepare for the economic impact of the UK budget.
Persistent sterling weakness raises the sterling cost of dollar-priced feed ingredients for UK buyers. Bearish options positioning suggests the pressure could continue until the budget is delivered.
bloomberg.comGreg Ritchie, Vassilis KaramanisNov 1, 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.
