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Sterling rose against the dollar on August 11, 2023, after UK GDP grew 0.2% in the second quarter, beating expectations of no growth. Strong industrial output data raised expectations of a Bank of England hike at the September meeting.
Stronger UK growth and rate expectations move sterling but do not materially shift feed grain or protein supply, demand or prices.
economies.comRami HaddadAug 11, 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.
