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Sterling was the worst-performing major currency over 24 hours as traders cut exposure before the BoE decision. GBP/USD was near 1.3024, and options analysts flagged downside risk toward 1.2692 if the bank signalled a cut.
Weaker sterling raises the local-currency cost of dollar-priced grain and meal imports into the UK, adding modest upward pressure on feed costs.
poundsterlinglive.comNews, Data, ForecastsJan 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.
