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The pound had its biggest weekly decline in a month as concerns over UK long-term finances, a surprise rise in public borrowing, weak factory and services momentum, and a weak gilt auction weighed on sterling. A resurgent dollar, boosted by stronger-than-expected US second-quarter growth data, added pressure.
Sterling was up 0.1% at $1.3355 but had lost almost 1% for the week.
A firmer dollar and weaker sterling are macro headwinds that can affect dollar-denominated commodity prices and import costs for UK feed buyers, though the link to feed grains is indirect.
reuters.comAmanda Cooper, Jaspreet KalraSep 26, 2025After 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.
Not enough comparable past events yet for a historical read.
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.
