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Sterling slipped from near multi-year highs against the dollar on May 28, trading at 1.4171 ahead of U.S. PCE inflation data. Markets were also reacting to renewed talk of Federal Reserve bond-buying tapering.
The article also noted proposed federal spending increases.
Ahead-of-data caution and Fed taper talk can strengthen the dollar and weigh on sterling, which raises UK dollar-priced import costs. The effect on grain prices is small.
poundsterlinglive.comGary HowesMay 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.
