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Sterling held near 1.25 against the dollar after a dovish Federal Reserve, while fears over UK lockdown easing and rising coronavirus deaths weighed on the pound. Euro-sterling traded near 0.8725.
A firmer dollar or weaker pound shifts import costs for UK feed buyers, but the effect on global feed grain prices is small.
exchangerates.org.ukTim ClaytonApr 30, 2020Not enough comparable past events yet for a historical read.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
