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Sterling traded around $1.41 and had rallied from a 35-year low of $1.1413 in March 2020. It remained about 6% below its pre-Brexit level against the dollar.
Against the euro, the pound was 13% below its pre-referendum level.
This is background on sterling's long-term position, with no new cause for a near-term move. It has little bearing on feed ingredient prices.
reuters.comSaikat Chatterjee, Joice AlvesMay 20, 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.
