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Sterling fell below $1.30 on January 13 after BoE policymaker Gertjan Vlieghe said upcoming meetings were "absolutely live" for a rate cut. The move followed weak GDP data showing UK growth at its slowest annual pace in over seven years.
Expectations of BoE rate cuts weaken sterling, which raises the cost of dollar-priced feed imports for UK buyers.
cnbc.comElliot SmithJan 13, 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.
