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Sterling has fallen below $1.21, not far from its 32-year low of early 2017, and has lost over 3% against the dollar in just over a week. The piece recounts past UK currency crises, including the government raising interest rates to 15% to defend the pound.
This is background on currency stress rather than a new shock, so its effect on feed prices is limited to the ongoing sterling weakness.
reuters.comAndy BruceAug 1, 2019Not 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.
