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Sterling fell almost 6% in the three weeks before the May Bank of England meeting as traders cut bets on a rate hike. After the bank held rates, some banks including NatWest and Nomura said the pound was attractive to buy, with NatWest targeting $1.50 in a year.
Bank forecasts for a stronger pound would lower UK feed import costs if they play out. Currency flows, not grain supply, are the driver.
gulf-times.comBloomberg/LondonMay 13, 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.
