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UBS said sterling could weaken against the euro and dollar if the BoE signals only one rate hike in November. The dollar index rose 0.3% on demand ahead of a Fed chair decision and tax reform progress.
Catalan unrest was seen as a limited drag on the euro so far.
Expectations of a stronger dollar and weaker sterling change the USD cost of imported feed ingredients and can pressure US commodity export prices. Feed price impact is small and indirect.
exchangerates.org.ukFrançois AuréOct 24, 2017After 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.
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.
