◂ Event Timeline

Sep 28, 2021MACROUK

Surging Inflation Fears Stoke Pound Sterling Advance against the Euro and Dollar

Sterling advanced against the euro and dollar on 28 September as UK bond yields climbed to 2021 highs. Analysts expect UK inflation to exceed Eurozone levels, pushing the Bank of England toward a rate hike.

GBP/EUR held above 1.17.

WHY IT MATTERS

Higher UK yields and rate-hike expectations drive sterling strength, which affects pricing for UK feed importers. Direct grain or feed price implications are minimal.

AFFECTSEuro (USD per EUR)▼

SOURCE
poundsterlinglive.comGary HowesSep 28, 2021

Price reaction & history

Euro (USD per EUR)▼bearishSO FAR1d -0.2%5d -0.7%20d -1.0%

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.

Sep 30, 2022Dollar gains on euro after inflation data, sterling falls+0.3%
Nov 2, 2017Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates-0.2%
Mar 15, 2023Euro Slumps against Pound and Dollar as European Banking Fears Rise+0.4%
Jul 5, 2022Euro slides to 20-year low against the dollar as recession fears build-3.1%
Oct 5, 2022Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall-2.9%

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.

Euro (USD per EUR) EURUSD · GP ▸

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