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Sterling rose more than 1% against the euro and dollar despite reports that Prime Minister Boris Johnson was in intensive care. The Bank of England governor ruled out printing money, and Debenhams entered administration.
Currency moves tied to UK monetary policy affect the cost of imported feed inputs for British buyers, with little effect on global feed prices.
invezz.comCrispus NyagaApr 7, 2020Not enough comparable past events yet for a historical read.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
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.
