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Sterling is up about 30% against the US dollar since autumn 2022 and trades near $1.31, its highest since April 2022. The article attributes the gain mainly to Bank of England tightening, a weaker dollar and more restrained fiscal policy.
The explanation centres on monetary policy and currency moves rather than feed supply or demand, so the effect on feed prices is indirect.
wbs.ac.ukJul 28, 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.
