
Sterling is near three-year highs against the dollar after a 3.8% gain in April, its strongest monthly rise since November 2023. The rally continues despite mixed UK economic signals and US tariff uncertainty.
Sterling strength reflects dollar weakness tied to tariff concerns and does not indicate any change in feed supply or demand. It has little direct effect on feed commodity prices.
Not 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.