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Sterling fell toward $1.35, its weakest since August 19, as hawkish Fed remarks from chair Warsh supported the dollar. Brent crude later rose back above $100 a barrel as Iran intensified attacks in the Strait of Hormuz.
Markets priced more than 100 basis points of BoE tightening by the end of next year.
A stronger dollar and higher oil push up import costs and freight for feed ingredients priced in dollars. Hawkish Fed pricing also points to a firmer dollar index.
tradingeconomics.comJoana FerreiraAug 28, 2026Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
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.
