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Sterling held steady against the dollar on April 26 after reaching a two-week high, and it hit its highest level against the yen in almost 16 years. The move followed US data showing slower growth and faster inflation, which reinforced expectations that the Federal Reserve would not cut rates before September.
Expectations of a later Fed easing keep the dollar firm, but sterling's gains against the yen reflect broader yen weakness rather than a UK-specific driver. For feed buyers, the effect on grain and meal prices is indirect, through dollar strength and import costs.
reuters.comJoice AlvesApr 26, 2024Not 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.
