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GBP/USD fell to a seven-month low of 1.3097 on Friday amid UK fiscal worries before the November budget. The move came as Fed officials sounded hawkish and CME FedWatch odds of a December cut fell to 63% from above 90% a week earlier.
Reduced Fed easing expectations support the dollar against sterling and other currencies, which affects the dollar cost of imported feed ingredients for UK buyers. The shift in rate-cut odds is the main driver of the currency move.
fxstreet.comGhiles GuezoutOct 31, 2025Not 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.
