Loading…
GBP/USD reached its best level since mid-September after the Fed's rate decision, with the dollar weakening after Chair Warsh struck a cautious tone. Sterling was trading near $1.34 ahead of a Bank of England decision and the US payrolls report.
Investors were also watching the UK Autumn Budget and US midterm elections.
Dollar weakness can lift dollar-priced commodities by making them cheaper for non-US buyers. The effect on feed markets is small compared with the currency moves themselves.
exchangerates.org.ukAdam SolomonNov 2, 2026exchangerates.org.ukAdam SolomonNov 2, 2026Not enough comparable past events yet for a historical read.
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.
