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The British pound fell to its lowest level since March 2020, around $1.165, after Goldman Sachs downgraded its UK forecasts. Sterling has slumped more than 13% against the dollar this year.
Ofgem also said British energy bills will rise 80% from October.
A weaker pound raises the sterling cost of imported feed ingredients and can add pressure to UK feed and livestock margins. The direct effect on global feed prices is limited.
reuters.comAug 29, 2022Not 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.
