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Nomura's Jordan Rochester argues the pound is losing momentum, citing slowing UK growth, weaker credit card spending, falling data surprises and rising COVID cases among the elderly. The note came the same week UK PMI showed a sharp slowdown in private sector activity.
This is a currency view with no direct link to feed supply or demand, so it has negligible effect on grain, meal or livestock prices.
poundsterlinglive.comGary HowesAug 31, 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.
