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The Bank of England left interest rates unchanged on September 21, breaking a long run of rate rises as the UK economy slowed. The pound fell as much as 0.9% to its lowest since late March, while UK gilts briefly recovered before resuming their decline.
A stronger dollar against sterling and the euro tends to weigh on dollar-denominated feed ingredient prices for UK and European buyers, and it can make US-origin feed imports relatively more expensive for them.
reuters.comSep 21, 2023Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
