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Sterling fell to $1.2531 on December 13 after the Office for National Statistics reported that UK GDP contracted 0.3% in October, weaker than forecasts of no change. The data raised the likelihood of earlier Bank of England rate cuts.
A weaker pound and expected UK rate cuts are macro signals with little direct effect on feed grain or meal prices.
brecorder.comReutersDec 13, 2023Not 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.
