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Sterling fell to a three-month low of $1.3193 on October 1 as investors worried about rates, inflation and oil above $100 a barrel during a protracted Middle East war. The 30-year gilt yield topped 6% for the first time since 1998 ahead of the UK autumn budget.
A weaker pound raises the sterling cost of dollar-priced feed imports for UK buyers, and the oil-driven inflation worries that caused the drop also raise energy and freight costs.
lse.co.ukOct 1, 2026Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
