Loading…
Sterling fell as much as 0.8% to 1.2119 against the dollar on July 30, with the cost of insuring against sterling volatility rising to the highest among G-10 currencies. Traders are increasingly worried that Prime Minister Boris Johnson will pursue a no-deal Brexit.
Money markets priced a more than 60% chance of a Bank of England rate cut by December.
A weaker pound raises the dollar cost of UK imports and can shift global currency flows that affect dollar-denominated feed commodity prices. The effect on feed markets is indirect and modest.
thenationalnews.comBloombergJul 31, 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.
