Loading…
Traders cut bets on a continued sterling rally ahead of a Bank of England rate decision on Thursday, after UK inflation slowed more than expected in June. Sterling had risen about 24% from a record low against the dollar in September, reaching a 15-month high of $1.314 in mid-July.
Currency moves of this kind affect the dollar cost of imported feed ingredients for UK buyers only indirectly, and the story does not point to a specific shift in feed supply or demand.
reuters.comHarry Robertson, Amanda CooperJul 31, 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.
