Loading…
GBP/USD has fallen about 7% from highs near 1.31 over nine weeks and printed a fresh six-month low on September 27. Analysts point to the 1.20 level as the next key psychological support, with the decline driven by repricing of UK rate expectations.
The move reflects a broad dollar rally that supports the dollar index, a headwind for dollar-denominated grain and oilseed prices and for export competitiveness.
poundsterlinglive.comSam CoventrySep 27, 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.
