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The pound fell about 0.56% to $1.3742 against the dollar on Friday as the greenback gained on expectations that Kevin Warsh would be named the next Fed chair. Sterling was steady against the euro at about 86.70 pence.
Markets were also looking ahead to the Bank of England meeting the following week, where a hold is widely expected.
A firmer dollar on Fed leadership expectations weakens dollar-priced commodities and can support US export competitiveness. The effect on feed prices is indirect and limited, given the modest currency move.
reuters.comJan 30, 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.
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.
