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Sterling gained against all of the world's top 20 currencies in January 2018, rising nearly 5% against the dollar and 1.84% against the euro. Investec raised its sterling forecasts, arguing that a strong January has historically signalled further gains through the year.
The firm cautioned that Brexit talks and Conservative party problems remain downside risks.
A sustained stronger pound against the dollar and euro would reduce the local-currency cost of dollar-priced feed imports into the UK, but the link to grain prices is indirect.
poundsterlinglive.comNews, Data, ForecastsJan 31, 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.
