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Sterling kept rising against a weakening dollar, supported by the Bank of England being slower to cut rates than peers. Commerzbank's Michael Pfister noted that UK core inflation has stalled for a year, making rate cuts harder.
The outlook for the UK economy is not improving.
Currency moves like this change the relative cost of US commodity imports for UK and European buyers. A weaker dollar can support US export competitiveness at the margin, but the feed price effect is small.
reuters.comJun 27, 2025Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY 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.
