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The pound traded at its highest level in over three years on May 23 and was heading for its largest weekly gain against the dollar since early April. The move followed stronger-than-expected UK retail sales and continued investor unease around US assets.
A stronger pound and weaker dollar tend to lower dollar-denominated feed ingredient costs for UK buyers, while broad dollar weakness can support US commodity prices in dollar terms.
reuters.comAmanda CooperMay 23, 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.
