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GBP/USD has weakened on Covid-19 concerns and US election uncertainty. The coming week carries several major events: the Bank of England's rate decision, the Federal Reserve decision, and US October nonfarm payrolls.
A stalemate in the US election could lift the safe-haven dollar, and a weak BoE outcome could push sterling lower. Both affect the dollar's value against currencies used in grain and oilseed import pricing, which can shift export competitiveness.
octaafrica.netOct 30, 2020Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
