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HSBC maintains a bearish view on sterling, arguing that recent pound gains came from a squeeze on dollar longs rather than genuine demand. The bank expects GBP/USD to track lower toward 1.3400 even as the BoE raises rates.
This is a currency forecast with no direct link to grain, oilseed or feed supply and demand, so price implications for feed are negligible.
exchangerates.org.ukTim ClaytonJan 26, 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.
