Loading…
The pound rose about 0.4% against the US dollar on Tuesday, with UK PMI revisions having little impact. Scotiabank said a quarter-point BoE hike was all but fully priced, and it sees the recovery from mid-October lows targeting the upper 1.36 area in coming weeks.
A firmer pound alongside a softer dollar tends to support dollar-priced commodity buyers outside the US, while the expected BoE tightening points to higher UK borrowing costs. The effect on grain and feed prices is modest.
tmgm.comFXStreet Insights TeamNov 4, 2026Not enough comparable past events yet for a historical read.
Not 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.
