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Sterling rose 0.4% to $1.3429 on Friday after Chancellor John Healey's budget matched expectations with £15 billion of fiscal headroom. Markets expected the Bank of England to raise rates the following week.
The pound was set for a 1% monthly gain, while the euro had fallen nearly 5% in 2026.
A firmer pound and expected BoE tightening shift currency and rate flows that affect UK feed import costs and European commodity pricing. The move is mainly a currency story with limited direct effect on grain prices.
brecorder.comReutersNov 2, 2026Not 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.
