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Sterling fell as much as 0.65% against the dollar to just above $1.26 amid renewed Brexit turmoil, nearing its lowest level this year. The pound has shed about 2.8% this month and is on track for a record 13 straight days of declines against the euro.
Britain faces the prospect of a messy exit from the EU, due October 31.
A weaker pound reflects political risk rather than a commodity shock, but it can shift UK import costs and EU-linked feed trade flows. For feed buyers the direct price impact is limited.
edition.cnn.comJulia HorowitzMay 22, 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.
