Loading…
Sterling reached its strongest level against a basket of 18 currencies since 23 June 2016 on Wednesday, according to Bank of England data. The pound slipped 0.1% to $1.346 after the rate rise to 4%, its first increase in more than three years.
Much of the pound's gain reflects dollar weakness after the Democratic midterm win, which can make dollar-priced feed commodities relatively cheaper for UK buyers. The direct effect on feed markets is small.
independent.co.ukHolly WilliamsNov 5, 2026After 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.
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.
