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Sterling dropped below $1.30 for the first time in seven weeks and posted its fourth straight weekly decline against the dollar. Traders were looking to upcoming UK GDP and trade data for signs of economic strength that could support the currency.
Sterling weakness reflects UK-specific Brexit and growth concerns, not agricultural fundamentals. Its effect on feed commodity prices is negligible.
thenationalnews.comBloombergAug 6, 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.
