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Sterling fell from three-year highs as a U.S. government bond sell-off spilled into global markets, prompting carry-trade unwinds. GBP/USD support was seen at 1.3820 with upside targets near 1.42 to 1.43.
A bond-driven risk-off move strengthens the dollar and pressures commodities broadly, though the effect on feed prices is indirect.
poundsterlinglive.comJames SkinnerFeb 28, 2021After 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.
Not enough comparable past events yet for a historical read.
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.
