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Sterling traded near a one-week low against the dollar as slowing growth and Scottish independence referendum plans weighed on the currency. Markets were watching BoE Governor Andrew Bailey's speech in Sintra for hints on an August rate hike, with money markets pricing a 25 bp move and a 78% chance of 50 bps.
Expectations of tighter BoE policy and rising political risk pressure sterling, which has only a minor effect on agricultural commodity prices. The story is routine currency market commentary with no direct link to feed supply or demand.
brecorder.comReutersJun 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.
