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Sterling hit a 16-day low against the dollar after a brief rally following the Bank of England's decision to hold rates and announce no further stimulus. The BoE forecast a 14% contraction in 2020 and a 15% rebound in 2021, and analysts expected asset purchases to be extended.
A weaker pound and a deep UK recession outlook point to softer UK demand for imported feed and a firmer dollar relative to sterling.
financialpost.comReutersMay 7, 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.
