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UK headline consumer price inflation fell to 7.9% in June, its slowest pace in over a year and below forecasts of 8.2%. Sterling weakened and investors scaled back bets on future Bank of England rate increases.
Lower UK inflation reduces pressure for further rate hikes, which can weaken sterling and modestly change the cost of imported feed for UK buyers, with no direct effect on global feed prices.
reuters.comWilliam Schomberg, Andy BruceJul 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.
