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GBP/USD briefly rose above 1.3300 after UK second-quarter GDP was revised up to 0.5% from 0.4%, then gave back more than half the gain. Markets priced a better-than-80% chance of a Bank of England hike on November 5.
US 10-year yields climbed to their highest since 2007.
Pair direction is driven by the UK-US rate gap, so a growth upgrade alone does little to move sterling against the dollar. Rising US yields reinforce dollar strength, which weighs on dollar-priced commodities.
fxstreet.comJoshua GibsonSep 30, 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.
