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Sterling closed 0.3% higher at $1.2900 on October 31, its third straight gain, after the Federal Reserve cut rates. US third-quarter GDP grew 1.9%, above forecasts.
Traders focused on UK election polls and Johnson's early-election bill.
A weaker dollar after the Fed cut tends to support dollar-denominated commodity prices, including grains and meals. The move here is a currency-market reaction with limited direct feed impact.
currencylive.comFiona CincottaOct 31, 2019After 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.
