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The pound/dollar rate hit a one-month high of $1.3832 during the week, supported by Governor Andrew Bailey's signal that the Bank of England would have to act on inflation. Sterling then faced headwinds after UK September CPI surprised by slowing, which cut odds of a November hike, but it closed the week near $1.3784.
Expectations of tighter UK policy support sterling and can lift dollar-priced UK import costs of feed inputs only marginally. The impact on grain and feed prices is minor.
exchangerates.org.ukAdam SolomonOct 25, 2021Not 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.
