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Sterling dipped against the dollar as rising US 10-year Treasury yields boosted demand for the dollar. Investors were cautious about the UK's gradual lockdown easing, and short positioning on sterling increased.
Higher US yields strengthen the dollar and pressure sterling-linked prices, which can affect the competitiveness of US feed and grain exports to the UK.
cnbc.comReutersMay 11, 2020Not 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.
