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Sterling edged down from $1.33 as investors weighed the resignations of two UK ministers over Brexit plans and the impact on an expected summer BoE rate hike. Traders awaited a speech by Governor Mark Carney.
Political turmoil tied to Brexit weakens the pound and shifts the cost of dollar-priced imports for UK buyers, though the effect on grain and feed prices is limited.
babypips.comReutersJul 11, 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.
