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GBP/USD held near 1.3550, more than a cent below its August high, after three daily declines. The pair ranged narrowly on a day with no UK or US data releases.
US strikes on Iranian launchers and Iranian retaliation lifted crude oil more than 2%.
Sterling is steady with no new catalyst, so there is little direct effect on feed costs. The Middle East crude rise points to higher energy and freight costs, a secondary input for feed prices.
fxstreet.comJoshua GibsonAug 31, 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.
