# USD steadies after FOMC Statement. GBP awaits PMI data as PM May talks about EU migration. - OFX (UK)

> GBP/USD rose to around 1.4220 on January 31, 2018, its best level since the previous Friday, before easing as the dollar steadied after the FOMC statement. UK Prime Minister May said in Beijing she would deepen trade ties with China, while European Commission officials reportedly rejected the City of London's proposal for a post-Brexit financial services deal. The report notes that the EU has tied a better trade deal to acceptance of the four freedoms of the Single Market.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/67238-usd-steadies-after-fomc-statement-gbp-awaits-pmi-data-as-pm-may-talks-about-eu
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency swings tied to the Fed and Brexit talks change the dollar cost of imported feed for UK and European buyers. The grain market impact is minor.

## Read by commodity

- GBPUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-gb/forex-news/daily-and-weekly-market-news/2018/02/01/usd-steadies-after-fomc-statement-gbp-awaits-pmi-data-as-pm-may-talks-about-eu-migration/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.