Loading…
GBP/USD fell to its lowest level since January 2017 after a brief rebound, as a more hawkish-than-expected Federal Reserve lifted the dollar and no-deal Brexit fears persisted. The pair had lost over two cents since opening the week at 1.2381.
A firmer dollar and weaker sterling raise the sterling cost of dollar-priced feed ingredients and energy for UK buyers.
exchangerates.org.ukColin LawrenceAug 1, 2019Not 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.
