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UK inflation rose to 10.1% in July, above expectations, and HSBC says rising prices are undermining UK growth prospects. HSBC expects continued sterling underperformance as the Bank of England may tighten into a sharper slowdown.
Weakening UK growth and a dovish Bank of England weigh on sterling, which raises the cost of dollar-priced imports for UK feed buyers. The effect on global feed prices is minimal.
poundsterlinglive.comGary HowesAug 18, 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.
