Loading…
Sterling rose toward its highest levels since 2016 after Prime Minister Rishi Sunak called a July 4 general election. The article says the pound is still about 5% below its pre-referendum level but has recovered more than 10% from its 2022 low.
A firmer pound lowers the sterling cost of dollar-priced imports such as feed ingredients, while a weaker pound raises them for UK buyers. The move has little direct effect on feed grain prices.
reuters.comMike DolanMay 31, 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.
