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Sterling rose against the dollar and euro after UK wage data showed regular pay growth of 6.7%, above expectations. The data added pressure on the Bank of England to keep raising rates ahead of US inflation figures later that day.
Currency moves in sterling have little direct effect on feed grain supply or demand, so the impact on feed prices is minimal. Stronger UK wage data mainly signals continued central bank tightening.
brecorder.comReutersFeb 14, 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.
