Seed Market Outlook 26.02.24
![Seed Market Outlook 26.02.24](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.chelmerfoods.com/wp-content/uploads/2024/02/1-1200x675.png)
Exchange rate
The exchange rate for GBP (£) to EUR (€) dipped to 4-week lows just below 1.660 on Tuesday (20/03/24) before a tentative recovery to 1.1680. The Pound to US Dollar (GBP/USD) exchange rate is fluctuating a lot given the mixed UK economic data. The Pound (GBP) is trading in a quieter capacity, while news that UK fuel bills will ease is providing some cushioning, a dip in consumer confidence may be weighing down the Sterling.