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Sterling hit a one-week high as three days of UK-EU trade talks began in Brussels, trading about 0.4% higher near $1.2878. Deputy Governor Dave Ramsden's comments that the rate floor is 0.1% and negative rates are possible had eased earlier negative-rate bets.
A firmer pound on Brexit progress marginally lowers the sterling cost of dollar-priced feed inputs for UK buyers. Grain and oilseed prices are unaffected.
finance.yahoo.comReutersSep 29, 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.
