Loading…
Sterling fell below $1.25 after the Markit/CIPS services PMI slipped to 54.5 from 56.2, below the 55.8 expected. The pound had already dropped on Thursday after the Bank of England signaled rates would stay on hold.
Weak UK services data pressures sterling, a currency move with minimal direct bearing on feed grain or protein prices.
independent.co.ukJosie CoxFeb 3, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
