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Sterling rose close to a 23-month high against the euro ahead of an expected Bank of England rate rise the following week. Analysts said the BoE's hawkish stance would support the pound, while the dollar was heading for a strong week.
Currency moves in sterling and the dollar have little direct effect on grain or feed prices, so the impact on feed buyers is minimal.
brecorder.comReutersJan 29, 2022After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
