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Sterling rose to a near three-month high in trade-weighted terms after Brexit minister David Davis said Britain would consider paying into the EU budget for access to EU markets. The pound climbed to a three-week high of $1.2644 on the news.
Signs of a softer Brexit stance strengthen the pound against the dollar, which makes US exports more expensive for UK buyers and can weigh on dollar-denominated grain and feed prices.
reuters.comDec 1, 2016Not 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.
