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Sterling held near a 4-year high against the dollar as the weakness came from the dollar rather than from the pound. UK Q1 GDP was revised to 0.7%, and the Bank of England stayed focused on restrictive policy.
Markets were watching the upcoming eurozone inflation data and speeches by BoE officials.
Dollar-led currency moves affect the price of dollar-quoted feed commodities for UK and euro buyers. The price link is indirect and limited for now.
moneycorp.comJun 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.
