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Sterling fell sharply after the June Bank of England decision, which upgraded growth and inflation forecasts but offered no clear hint of rate hikes. Several foreign exchange analysts expect the pound's weakness to be short-lived.
The pound's move reflects investor disappointment over central bank guidance rather than a change in commodity fundamentals, so it has minimal implications for feed prices.
poundsterlinglive.comGary HowesJun 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.
