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Bank of England deputy governor Ben Broadbent said sterling's fall since the Brexit vote has boosted UK exporters but squeezed households through higher import prices and lower real retail spending. He expects the boost to last until the economic costs of Brexit become clear after the 2019 exit.
Higher import prices from a weaker pound raise the cost of imported feed inputs for UK buyers and weigh on consumer demand for meat and dairy.
imperial.ac.ukLaura SingletonMar 24, 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.
