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The pound gained for two weeks to end a month of losses, mostly on weaker demand for the dollar as a haven rather than local strength. UK private sector growth slid unexpectedly in May, and the Bank of England faces a squeeze between inflation and slowing growth.
The mixed picture means sterling direction is uncertain, and weak UK growth limits demand for feed and animal products. Global feed price impact is minimal.
businesstimes.com.sgMay 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.
