Loading…
Sterling reached a one-year high against the dollar after UK official figures showed inflation accelerated sharply in August. The data reinforced expectations that the Bank of England may soon have to raise interest rates despite weak growth.
Stronger-than-expected UK inflation raises the chance of BoE tightening, which supports sterling and lowers the pound cost of dollar-priced feed ingredients. The effect on feed markets is indirect.
wsj.comJason Douglas and Georgi KantchevSep 12, 2017Not 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.
