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Bank of America strategists warned investors to hedge for an 'existential' sterling crisis, saying the pound is showing struggles usually seen in emerging markets. The warning cites political interference in policy and a Bank of England seen as flailing.
A weaker pound raises the dollar cost of UK-linked imports and can shift demand for dollar-priced feed ingredients. The effect on grain and meal prices is indirect and small.
bloomberg.comGreg RitchieMay 30, 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.
