Loading…
Sterling had its best month since September and was heading toward $1.30, while US first-quarter growth came in weak. France's economy grew 0.3% in the first quarter, below the 0.4% forecast, and the FTSE 100 closed lower.
A firmer pound and softer US growth reduce the cost of dollar-priced imports for UK buyers, but these are general macro moves with little direct effect on feed grain or protein prices.
bbc.co.ukApr 28, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
