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Sterling fell after UK GDP grew 0.1% in November, below the 0.2% forecast. The pound traded near $1.2207 and markets priced about 58 basis points of Bank of England cuts this year.
Weaker UK growth data raises the chance of BoE easing, which is a macro factor for sterling-denominated feed input costs but has little direct grain price impact.
globalbankingandfinance.comBarnali Pal SinhaJan 16, 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.
