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Sterling fell 0.25% against the dollar to $1.29 and was flat against the euro ahead of the Bank of England decision. UBS said the pound could fall to $1.15 in a cliff-edge Brexit.
Prime Minister May was due in Brussels to seek concessions, with a parliamentary vote set for February 14.
Brexit-driven sterling risk affects the cost of dollar-priced feed imports for UK buyers, and a no-deal outcome would widen that pressure, though global grain prices are unlikely to move much.
independent.co.ukBen ChapmanFeb 7, 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.
