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A Reuters analysis describes sterling as the sick man of the currency world, citing the Ukraine war, inflation, and slowing growth. It notes the risk of a protracted trade war widening the current account deficit.
Persistent sterling weakness raises the cost of dollar-priced imports for UK feed buyers. The effect on global commodity prices is minor.
reuters.comSaikat ChatterjeeMay 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.
