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UK retail sales volumes rose just 0.1% in January, below the 0.6% consensus forecast and the weakest growth since April 2017. Sterling dipped 0.37% to $1.4047 on the news, and food store sales fell 0.9%.
Weak UK consumer spending on food points to softer domestic demand for meat and feed-linked products, a mild bearish signal for UK feed demand.
portfolio-adviser.comKristen McGacheyFeb 16, 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.
