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Sterling rose on Thursday after reports that London was close to a deal giving UK financial firms basic access to EU markets, though officials later downplayed an imminent agreement. The Bank of England held rates at 0.75% but hinted at faster future rate rises if Brexit goes smoothly, while warning of disruption in a no-deal exit.
A firmer pound and softer dollar tend to weigh on dollar-priced commodities, including feed grains and meals, while a weaker pound raises UK import costs for feed ingredients.
uk.finance.yahoo.comSaikat Chatterjee, Tommy WilkesNov 1, 2018Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
