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Sterling fell for a fifth straight day on September 26 as rising US bond yields lifted the dollar, trading near its lowest since March. The pound was still about 18% above its record low of a year earlier, after the Truss government's mini-budget.
Persistent dollar strength against sterling and the euro supports the US dollar index, which generally pressures dollar-priced grains and oilseeds and can cap export demand from the UK and Europe.
brecorder.comReutersSep 26, 2023Not 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.
