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Sterling reached its highest level against the dollar in two and a half years after a hawkish Bank of England hold. Investors are waiting for the new Labour government's fiscal plan due at the end of October.
Strategists warn the budget could weigh on sentiment.
Sterling strength and the coming UK fiscal risk affect the cost of dollar-priced feed imports for UK buyers. The impact on world commodity prices is limited.
cnbc.comJenni ReidSep 23, 2024Not 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.
