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GBP/USD climbed to nearly 1.3550 in early Asian trading on Tuesday as bets on further Fed rate hikes faded after cooler-than-expected US inflation data. Traders are also waiting for a run of UK wages, jobs and inflation releases.
Commentary from a Bank of England official favouring higher borrowing costs was cited as additional support for sterling.
Fading Fed hike expectations weaken the dollar, which tends to support dollar-priced commodities. The pound's gain itself has little direct effect on feed prices.
bestluckcollection.comCarlyn WalterNov 1, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
