Loading…
The pound fell below $1.29 for the first time in almost a year and hit a nine-month low against the euro. Bank of England governor Mark Carney had called the chance of a no-deal Brexit "uncomfortably high", and Liam Fox put the odds at roughly 60-40.
A weaker pound alters UK import costs and export competitiveness but does not directly change grain or meal supply and demand. Sterling-driven dollar moves have only a marginal effect on US commodity prices.
bbc.comAdd as preferred on GoogleAug 8, 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.
