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Sterling rose 0.2% to $1.3506 on Monday as a broadly softer dollar offset uncertainty after the US Supreme Court struck down global tariffs. Trump then announced a new 15% levy on all imports, up from the 10% that applied to the UK, and a parliamentary by-election added political uncertainty.
Renewed US tariff uncertainty and a softer dollar are macro factors that can move trade flows and currency-linked commodity pricing, though the effect on feed prices is indirect.
reuters.comNiket NishantFeb 23, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
