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The pound fell after UK data showed the economy contracted 0.1% in October, against a forecast of 0.1% growth. The miss raised expectations of faster Bank of England rate cuts in 2025.
Weaker UK growth and faster expected easing push sterling lower, a macro currency move with limited direct effect on feed grain or meal prices.
reuters.comAmanda Cooper, Harry RobertsonJan 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.
