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Sterling fell 0.3% against the euro and the dollar on March 28 as investors weighed the Bank of England's next moves against recession risk. The pound was at $1.3138, close to its lowest since November 2020.
Strong dollar demand from higher Treasury yields added to the pressure.
Sterling weakness driven by BoE caution and a firmer dollar affects the cost of dollar-denominated feed imports for UK buyers. The impact on grain and oilseed prices is minor.
globalbankingandfinance.comWanda RichMar 28, 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.
