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The pound was slightly lower against the dollar on March 19 at $1.3911 after the Bank of England held rates and its bond-buying programme unchanged. Sterling was up about 1.8% against the dollar so far this year and 4.2% against the euro.
Analysts linked the euro-sterling gains mainly to the UK's vaccine rollout.
The currency move is routine and has no clear link to feed supply or demand. It matters only for the cost of dollar-priced imports for UK feed buyers.
brecorder.comReutersMar 19, 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.
