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Fitch said it expects broad continuity in UK government policy after the October 28 Budget but flagged significant slippage against spending plans and harder fiscal consolidation from 2027. It also sees greater policy risk as the next general election approaches.
Sterling moved sharply around the announcement.
Fiscal slippage and higher borrowing can weigh on the pound and raise UK gilt yields, which matters for UK-linked import costs for feed buyers. The effect on grain and meal prices is indirect.
macroherald.comEnver AdıgüzelNov 1, 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.
