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Sterling appeared due a pullback against the dollar after UK CPI came in above expectations but failed to lift the pair toward $1.30. The election outcome is largely priced in after the pound's recovery from the Article 50 announcement and the snap election call.
A possible retracement in sterling would make UK-linked dollar costs fall modestly for importers. The effect on feed commodity prices is negligible.
ig.comChris BeauchampMay 16, 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.
