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GBP/USD fell below 1.3400, near 1.3390, as the dollar firmed ahead of the US PCE inflation release and Treasury yields rebounded. Markets are also pricing a likely Bank of England rate cut at its May meeting.
A stronger dollar makes US commodities more expensive for non-US buyers, which can weigh on dollar-priced feed grains and soybean meal. The move is a routine currency shift with little direct effect on feed supply.
octaafrica.netApr 30, 2025Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
