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Sterling drifted lower on 29 October after Chancellor Hammond outlined a possible end to austerity, contingent on a Brexit deal. The pound fell to $1.2791, close to two-month lows, partly due to a stronger dollar.
Sterling traders are looking ahead to the Bank of England decision on Thursday.
Sterling weakness combined with dollar strength marginally affects the pricing of dollar-denominated feed imports in the UK.
egypttoday.comOct 30, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
