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Sterling crossed $1.40 for the first time since April 2018, with speculative long positions at a one-year high. The gains are linked to the UK's vaccine rollout and relief over avoiding a no-deal Brexit.
Currency strength reflects UK economic recovery expectations and has little direct bearing on feed grain or meal prices.
brecorder.comReutersFeb 22, 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.
