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MUFG maintains its view that the pound will strengthen modestly against the US dollar and weaken modestly against the euro. It targets GBP/USD at 1.3300 and EUR/GBP at 0.8400 by year-end.
MUFG says the Bank of England is unlikely to deliver the rate path markets currently price, which could weigh on sterling against non-dollar currencies. For feed buyers the effect on imported ingredient costs is indirect, mainly through GBP/EUR and GBP/USD pricing.
efxdata.comNov 3, 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.
