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Sterling was up 0.07% at $1.2082 against a slightly weaker dollar in routine trading. Traders are reviewing Bank of England forecasts that the UK will enter recession in the fourth quarter, and the BoE raised rates by a half point to 1.75%.
This is routine currency commentary with no new driver that would move feed or grain prices.
reuters.comSamuel IndykAug 8, 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.
