# Pound falls to three-month lows as investors fret over rates, oil | Financial News

> 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.

- Date: 2026-10-01 · published 2026-10-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/17320-pound-falls-to-three-month-lows-as-investors-fret-over-rates-oil-financial-news
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-05-26 | [C$ posts weekly decline as investors eye higher U.S. rates \| Financial Post](https://feedsoft.ai/events/36184-c-posts-weekly-decline-as-investors-eye-higher-u-s-rates-financial-post.md) | +0.0% | -3.6% |
| WTI | 2022-05-25 | [Canadian dollar hits 6-day low as investors await Fed minutes \| Financial Post](https://feedsoft.ai/events/41649-canadian-dollar-hits-6-day-low-as-investors-await-fed-minutes-financial-post.md) | +3.3% | -5.7% |
| WTI | 2021-10-29 | [C$ falls on GDP miss; posts biggest monthly gain in nearly a year \| Financial Post](https://feedsoft.ai/events/44811-c-falls-on-gdp-miss-posts-biggest-monthly-gain-in-nearly-a-year-financial-post.md) | -4.8% | -9.7% |
| WTI | 2021-12-10 | [Canadian dollar set to end weekly losing streak as oil rallies \| Financial Post](https://feedsoft.ai/events/43855-canadian-dollar-set-to-end-weekly-losing-streak-as-oil-rallies-financial-post.md) | +2.1% | +11.4% |
| WTI | 2026-10-01 | [Rand weakens to three month low as stronger dollar and oil price weigh on South Africa](https://feedsoft.ai/events/17339-rand-weakens-to-three-month-low-as-stronger-dollar-and-oil-price-weigh-on-south.md) | -2.3% | +12.3% |

## Sources

- lse.co.uk: https://www.lse.co.uk/news/pound-falls-to-three-month-lows-as-investors-fret-over-rates-oil-yrfc7rnzk13jndv.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.