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Sterling rose 0.19% to 1.3340 despite US Q3 GDP printing 3.4% against forecasts of 3.2%, with Core PCE inflation at 3.1%. Markets priced an 81% chance of a Fed hike in December and a November Bank of England hike.
Strong US growth and inflation point to tighter Fed policy that supports the dollar, but BoE hike bets offset that for the pound, leaving cross-currency import costs mixed for buyers.
fxstreet.comChristian Borjon ValenciaOct 29, 2026fxstreet.comFXStreet TeamOct 29, 2026Not 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.
