Loading…
Goldman Sachs and PGIM Fixed Income expect the pound to rally to US$1.30, a level last sustained two years ago. They argue the Bank of England will be slow to cut rates given stronger-than-expected growth.
UK policy rates are at a 16-year high of 5.25%.
A forecast of a stronger pound would lower sterling costs for dollar-priced feed imports into the UK. It is an analyst outlook and does not itself change supply or demand.
businesstimes.com.sgJan 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.
