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Sterling was set for its best monthly performance against the dollar in 2024, with a 1.7% gain in May. Markets now price about one Bank of England rate cut this year, and the euro fell 1.6% against sterling over the year.
Lower expected UK rate cuts support sterling and affect cross-border feed and ingredient costs priced in pounds. Direct impact on feed commodities is negligible.
finimize.comFinimize NewsroomMay 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.
