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Sterling edged higher in thin holiday trading, with the pound's appeal tied to the Bank of England taking longer to cut rates than other major central banks. Traders also weighed the coming return of Donald Trump to the White House and his tariff pledges.
Currency moves tied to rate expectations and tariff risk can shift dollar-denominated grain and meal prices for importers, though the effect here is small.
reuters.comAmanda CooperJan 1, 2025After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
