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Sterling was on track for its biggest monthly fall against the dollar since September 2023, down about 3%. The decline reflected a more cautious BoE easing path and a stronger dollar on firm US data and election bets.
A strong dollar against sterling is a broad macro signal that can pressure dollar-denominated commodity prices and shift import costs for UK feed buyers. The impact on feed markets is modest.
uk.finance.yahoo.comStefano RebaudoOct 28, 2024After 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.
Not enough comparable past events yet for a historical read.
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.
