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Sterling slipped against all major peers as traders awaited UK inflation data, with GBP/USD struggling to hold $1.35. Rising 30-year inflation-linked gilt yields, at their highest since 1998, raised concerns about UK fiscal sustainability ahead of the autumn budget.
Stronger-than-expected Q2 GDP had eased stagflation worries only briefly.
Fiscal stress and possible tax rises weigh on sterling and UK risk sentiment, which can change the cost of dollar-priced feed imports for UK buyers.
convera.comGeorge VesseyAug 19, 2025Not 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.
