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Options traders have raised the cost of insuring against further falls in sterling as the UK's EU divorce approaches. Traders see the pound potentially dropping below $1.20 during the remaining two years of negotiations.
Currency weakness in sterling changes the relative cost of imported feed inputs for UK buyers, though the link to agricultural prices is indirect.
businessinsider.comReutersMar 28, 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.
