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Sterling hit a two-month high against the dollar at $1.2768, its highest since March 21, and also neared multi-month highs against the euro. Markets priced about 25 basis points of Bank of England easing by November, and Conservative lawmakers resigned ahead of the election.
Sterling strength tied to delayed UK rate cuts raises the sterling cost of dollar-priced imports. The effect on feed commodity prices is minimal.
finimize.comFinimize NewsroomMay 28, 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.
