Bitcoin

Food supply disruptions from extreme weather are a recurring theme that adds to structural inflationary pressures. In a macro environment already concerned about sticky inflation, such news can reinforce central banks' cautious stance on rate cuts, which historically pressures risk assets like crypto. However, the effect is indirect and likely to be overshadowed by US monetary policy and tech earnings.

NFU President Tom Bradshaw called on the UK government to take action to prevent extreme weather, specifically drought, from impacting the UK food supply.