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Sterling fell on October 19 as traders digested UK inflation data showing CPI unexpectedly held at 6.7% in September. The pound traded near $1.2106 amid risk-averse conditions linked to Middle East tensions.
Sticky UK inflation raises the chance of further Bank of England rate hikes, which supports sterling. For feed buyers, the direct link to grain and meal prices is weak.
reuters.comLucy RaitanoOct 19, 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.
