Loading…
Sterling fell to a seven-month low during the week before October 8 as a sharp UK inflation rise lowered real yields. Investors worried that an early rate hike could slow the economy and reduce the longer-term policy rate path.
A weaker pound raises the cost of imported feed ingredients and freight priced in sterling for UK buyers. The effect on global commodity prices is small.
reuters.comMike DolanOct 8, 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.
