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Sterling was on track for its biggest quarterly gain against the dollar in more than two years on June 30. The move was helped by broad dollar weakness and optimism over a US-UK trade deal.
The pound has been a beneficiary of the 'sell America' trade tied to concerns about Trump's policymaking.
A weaker dollar lifts dollar-denominated grain and feed commodity prices in local-currency terms for importers, while a firmer pound can make UK feed purchases more affordable. The effect on feed prices is indirect and modest.
reuters.comJohann M CherianJun 30, 2025Not 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.
