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Standard Chartered says the pound has fallen to its most undervalued level ever against the dollar. It expects the UK coronavirus lockdown to eventually trigger a recovery in the currency.
A cheaper pound makes UK buyers' dollar-priced feed imports more expensive while supporting UK export competitiveness. The effect on global feed prices is small.
bloomberg.comAndreea PapucApr 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.
