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Sterling rose about 1.4% to as high as 1.2650 against the dollar after the Federal Reserve expanded its Main Street Lending Program. Technical analysts flagged the 200-day moving average and resistance near 1.2818.
Fed liquidity measures weaken the dollar, which can support dollar-priced commodities, though the link to feed prices is indirect.
poundsterlinglive.comJames SkinnerApr 30, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
