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The pound hit its highest level against the dollar since January 2022, trading near $1.37. Analysts say much of the gain reflects dollar weakness rather than sterling strength.
The pound is down about 3% against the euro this year.
Dollar weakness makes US-priced feed ingredients cheaper for non-dollar buyers, but analysts disagree on whether the trend will continue. The effect on feed prices is limited.
cnbc.comChloe TaylorJun 25, 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.
