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The pound traded near $1.3400 on Friday, up 0.19% on the day, as markets priced a near-certain Bank of England rate increase to 4% at its November meeting. Traders trimmed bets on further Federal Reserve tightening after US data showed third-quarter growth of 3.4% and core PCE inflation of 3.1%.
The odds of a December Fed hike fell to 70%.
A widening rate differential favoring sterling supports GBP/USD, while firmer US growth and sticky inflation keep the dollar supported. Sterling strength tied to BoE tightening is a macro driver with limited direct effect on feed grain prices.
macroherald.comÖzge AdıgüzelOct 31, 2026Not enough comparable past events yet for a historical read.
After 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.
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.
