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The pound eased after UK consumer inflation hit a new 40-year high of 9.1% in May, the highest in the G7. The data raised concerns about an economic slowdown just as the Bank of England looked set for further rate hikes.
Sterling and UK rate expectations have only an indirect effect on feed grain and meal prices, mainly through dollar-denominated trade flows. For feed buyers, the signal is mostly about broader macro risk to demand.
reuters.comDanilo MasoniJun 22, 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.
