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Sterling fell after the S&P Global/CIPS flash PMI showed UK private-sector activity contracting at its fastest pace in two years in January. Businesses blamed higher Bank of England rates, strikes and weak consumer demand.
Weak UK demand has little direct bearing on global feed grain balances, so the effect on feed prices is limited.
financialpost.comReutersJan 24, 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.
