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The pound rose above $1.40 as traders priced in a growing likelihood of another Bank of England rate increase in May. The anticipated quarter-point hike would lift the benchmark rate to 0.75 percent after the bank grew more confident about near-term growth.
A firmer pound and higher UK rates bear on feed-importing economics and dollar-denominated grain costs for UK buyers, though the link to feed commodity prices is indirect.
apnews.comFeb 8, 2018After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
