Loading…
The pound fell against the euro and dollar on November 2 after the Bank of England held rates at 5.25% and the UK economic outlook was flagged as flat. Sterling was at $1.2225 earlier and retreated to $1.2175, while GBP/EUR fell to near 1.1450.
The UK 2-year yield dropped to a four-month low.
The sterling move reflects UK monetary and growth expectations rather than anything affecting feed supply or demand. Its relevance to feed buyers is limited to the broader dollar channel.
exchangerates.org.ukTim ClaytonNov 2, 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.
