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Sterling fell to a 10-week low on August 25, 2023, after weak UK PMI data and soft retail sales reduced expectations for further Bank of England rate hikes. The pound was last down 0.1% at $1.2591.
A weaker pound on rate-expectation shifts has little direct effect on feed commodity balances, though a firmer dollar can marginally pressure dollar-denominated grain prices.
brecorder.comReutersAug 25, 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.
