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Sterling fell toward $1.25, near a four-month low, as traders increased bets that the Bank of England would cut rates more than the Federal Reserve this year. Sterling slipped 0.1% to $1.2540, matching a six-week low.
Rising bets on BoE easing relative to the Fed weaken sterling against the dollar. Feed prices are only indirectly affected.
bloomberg.comVassilis KaramanisApr 2, 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.
