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ING expects Westminster political uncertainty to persist until at least October and forecasts GBP/USD troughing at 1.27-1.28 in the third quarter, despite an expected August BoE hike. The bank cut its previous third-quarter forecast of 1.34-1.35.
A weaker pound outlook raises sterling-denominated costs for dollar-priced feed imports into the UK, though the link to global feed commodity prices is indirect.
investing.comING Economic, Financial AnalysisJul 20, 2018Not enough comparable past events yet for a historical read.
After 388 past bullish macro events, EURUSD moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
