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The British pound reached a 10-week high against a weaker US dollar on November 21 after Bank of England Governor Andrew Bailey said the central bank's interest rate stance did not need to change. Bailey told parliament that inflation was on track to return to the 2% target but that price growth could stall at a high level.
Sterling was last up 0.2% at $1.2528.
Currency moves of this kind have little direct effect on feed grain or protein prices. They matter to feed buyers only indirectly, through the broader dollar and interest-rate backdrop.
reuters.comSamuel IndykNov 21, 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.
