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The Bank of England's sterling exchange rate index rose to its highest level since the June 2016 Brexit referendum. The pound also hit 21-month highs against the euro, and the article says the rally coincided with the election announcement.
A broad sterling rally raises the cost of UK-bound dollar-priced imports and lowers UK import inflation pressure. It has limited direct impact on feed grain or protein markets.
poundsterlinglive.comGary HowesMay 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.
