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Sterling fell over the week as traders priced in renewed Brexit uncertainty, with GBP/USD trading near $1.305 after the Bank of England held rates. The BoE said fourth-quarter GDP would rise only marginally.
A weaker pound and dollar strength can make US-origin feed ingredients pricier for UK buyers and shift export competitiveness, though the effect on feed prices is indirect.
investing.comDec 23, 2019Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
