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Sterling fell against the dollar and euro after UK manufacturers unexpectedly cut prices in December by the most since April 2020. Private-sector activity and recession fears also weighed on the pound ahead of the Bank of England meeting.
Weaker UK economic data and a softer pound have limited direct effect on feed grain prices, though a firmer dollar can soften US commodity values.
financialpost.comReutersJan 25, 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.
