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The pound traded below $1.31 for the first time in seven months on Thursday, the third straight session of losses. Limited Brexit progress, a cautious Bank of England and Irish leader Leo Varadkar's comments on a likely no-deal outcome all weighed on sterling.
Weak US data failed to lift the pound.
Sterling weakness against a firm dollar raises the cost of dollar-priced feed imports for UK buyers and tends to support dollar-based export competitiveness for US commodities.
currencylive.comFiona CincottaJun 29, 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.
