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Sterling fell as much as 1% against the dollar, its largest drop in three weeks, after Prime Minister Boris Johnson's comments on virus lockdown confusion added to concerns over UK-EU trade talks. The pound had already been weighed by trade uncertainty and the economic fallout from the virus.
Political and trade uncertainty pressures sterling lower, which can shift the cost of UK-priced imports and affect feed-buying decisions.
bloomberg.comWilliam Shaw, Vassilis KaramanisJun 1, 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.
