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Sterling rose after the snap election announcement on April 18, reaching a seven-month high near $1.30 as polls pointed to a larger Conservative majority. The rally has temporarily eased a cycle of rising inflation caused by the currency's earlier fall after the Brexit referendum.
A firmer pound lowers UK import costs and inflation pressure, which reduces the need for emergency central bank tightening. For feed buyers the direct price effect is small.
reuters.comJamie McGeeverMay 4, 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.
