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Sterling fell against the euro after five days of gains, as the Bank of England took a more cautious stance and the ECB looked set to start cutting rates in June. The pound's climb against the euro stalled, and the euro reached its strongest level against sterling since January.
A more cautious BoE and an earlier ECB easing cycle weigh on sterling, which weakens GBP/USD. The direct impact on agricultural commodities is minimal.
finimize.comCarl HazeleyApr 30, 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.
