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Sterling jumped about 150 pips in seven minutes around the 1500 GMT daily FX benchmark window on July 28, rising from $1.3840 to $1.3890. Hourly trading volumes reached five times the weekly average, according to Refinitiv data.
The move is a currency-market event with no agricultural link; for feed buyers it has negligible effect on grain or meal prices.
reuters.comRitvik CarvalhoJul 28, 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.
