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The Institute for Fiscal Studies estimates the pound has lost about 15% of its value against major currencies since December 2015, with much of the fall occurring after the 2016 EU referendum. Analysis suggests UK prices are at least 2% higher than they would otherwise be.
Higher import costs for food and fuel are cited as a key effect.
Sterling weakness raises the cost of dollar-priced imports for UK buyers, a structural factor for feed procurement costs, but this is a retrospective analysis with no new price driver.
bbc.comPaul Johnson, Peter LevellFeb 19, 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.
