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Sterling rose 0.48% to about $1.3438 and was up roughly 7% for the year. Traders expect at least two more Fed cuts next year, which is putting the dollar under pressure against most currencies.
The Bank of England cut rates by a quarter point to 3.75% in a narrow vote.
Narrowing rate differentials weaken the dollar, which tends to support dollar-priced commodities such as feed grains and oilseeds. The effect on feed prices is modest and indirect.
reuters.comReutersJan 1, 2026After 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.
