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Sterling touched a three-week high on Thursday as the UK government announced a 25% windfall tax on oil and gas profits along with household energy support. The pound was last up 0.12% at $1.2599.
Support measures may ease pressure on the Bank of England and lift sentiment toward the pound, reducing import cost pressure for UK buyers. Grain and feed prices are largely unaffected.
brecorder.comReutersMay 27, 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.
