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Sterling gave back early gains after reports that Theresa May had secured a draft Brexit deal with Brussels, as doubts grew over whether she could win cabinet and parliamentary support. UK CPI inflation held at 2.4% in October, and the pound traded at about $1.294.
Uncertainty over the Brexit deal keeps sterling volatile against the dollar, which can shift dollar-denominated commodity prices and the cost of UK feed imports, though the direct link to feed markets is weak.
thisismoney.co.ukAdrian LoweryNov 14, 2018Not 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.
