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Bank of America Merrill Lynch told clients to buy sterling, projecting a 10% rise against the dollar and euro if Prime Minister May secures parliamentary approval for her Brexit deal. The pound had already gained about 4% against the dollar and 5% against the euro this year.
The bank expects the Bank of England to be able to lift rates after the Brexit outcome.
This is a currency forecast from a bank with no direct effect on feed supply or demand. Any sterling strength would only marginally change import costs for UK feed buyers.
poundsterlinglive.comJames SkinnerMar 21, 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.
