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Sterling was firmer ahead of the Bank of England's rate decision, with traders showing confidence in the currency. TD expected the BoE could cut twice in 2020 and that the pound could finish the year at $1.40.
Sterling and rate expectations shape the dollar value of UK-linked feed and ingredient purchases, though the link to animal feed prices is indirect.
bloomberg.comGreg Ritchie, Anooja DebnathJan 29, 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.
