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Sterling rose broadly after BoE Deputy Governor Ramsden said a negative interest rate was not imminent and that the bank's floor is 0.1%. Other currencies moved as stocks rebounded, with the Australian dollar strengthening and the Canadian dollar weakening.
Sterling strength from lower negative-rate expectations slightly reduces UK feed import costs in local currency. The broader market move has little direct effect on feed commodity prices.
actionforex.comTD Bank Financial GroupSep 28, 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.
