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Sterling hit a one-month low against the dollar on February 6 at $1.2031, after losing 2.8% the prior week following strong US jobs data. Traders were focused on UK growth figures and comments from Bank of England policymakers about the pace of rate hikes.
This is a currency market move driven by US rate expectations and has no direct effect on feed grain supply or demand. Its relevance for feed buyers is limited to exchange-rate effects on import costs.
euronews.comFeb 6, 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.
