Sterling drops more than 1%

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.

• Apr 28, 2023Yen slumps more than 1% after BoJ decision | Convera-0.3%
• May 31, 2023German inflation drops to lowest level in more than a year-0.5%
• Oct 3, 2024Sterling drops on Bailey remarks and shift to safe havens+1.1%
• Jul 29, 2022Sterling wraps up small monthly loss against the dollar-0.2%
• Jan 31, 2024Sterling slips vs dollar before BoE and Fed meetings+0.3%

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• May 31, 2023German inflation drops to lowest level in more than a year-0.3%
• Oct 3, 2024Sterling drops on Bailey remarks and shift to safe havens-0.9%
• Sep 23, 2024Euro drops as glum PMI readings stoke bets on more ECB easing - The Business Times0.0%
• Apr 1, 2023Dollar outshines euro, sterling amid European bank jitters+0.4%
• Sep 3, 2019Sterling falls before Brexit vote, euro down on rate outlook+0.6%