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Sterling ended Friday near €1.1986 after the Bank of England's decision to raise rates to 4%, while Crédit Agricole and UniCredit forecast a pullback toward €1.163 in the final quarter of 2026. Crédit Agricole said further pound gains depend on stronger UK data bringing forward rate increases, noting that markets had already priced in much of the expected tightening.
A weaker pound against the euro could raise the UK cost of imports priced in euros, though the story identifies no specific feed trade or supply change. The forecasts are currency outlooks rather than a direct driver of agricultural commodity prices.
exchangerates.org.ukDave TaylorNov 8, 2026After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% over 20.
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.
