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The British pound fell against the Thai baht on May 29, trading near 40.24 baht and close to a three-month low. Foreign inflows into Thai equities after the MSCI rebalancing lifted the baht to become May's top Asian currency gainer.
This is a sterling-baht cross-rate story driven by Brexit uncertainty and Thai equity flows, with no meaningful effect on feed commodity supply, demand or prices.
exchangerates.org.ukElaine HoustenMay 28, 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.
