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Sterling held most of its gains on March 11 after the UK government announced a 30 billion pound stimulus plan. The Bank of England had earlier cut its policy rate by half a point to 0.25%, its first out-of-schedule cut since 2008.
Currency moves from UK policy have little direct effect on feed grain supply or demand, so the impact on feed prices is minor. The story mainly signals coordinated policy easing against the coronavirus downturn.
cnbc.comReutersMar 11, 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.
