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Sterling fell to a one-month low against the euro and dipped briefly below $1.33 as the UK and EU approached a make-or-break point in trade talks. Many investors doubted a deal would be reached, and the pound was last down 0.7% on the day.
Trade-deal doubt weakens the pound and raises the risk of tariffs and quotas on UK-EU trade, which would raise UK feed import costs. The effect on grain futures is limited.
reuters.comOlga CotagaDec 2, 2020Not 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.
