Loading…
GBP/USD extended gains to around 1.3400 in Asian trade on Friday as hawkish Bank of England expectations supported sterling. Traders expected a November hike followed by another in February, while easing safe-haven demand and Middle East tension weighed on the dollar.
Rising UK rate expectations and a weaker dollar shift currency-driven import costs for UK buyers and can support dollar-denominated commodity prices in sterling terms.
fxstreet.comAkhtar FaruquiOct 30, 2026Not enough comparable past events yet for a historical read.
After 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.
