# Euro strengthens against dollar while sterling steadies ahead of BoE decision

> The euro rose against the dollar on November 2 to about $1.1199, while sterling gained modestly to about $1.3402. Concerns over French public finances limited the euro's gains after Fitch revised France's outlook to negative. The Bank of England is due to decide on rates on November 5, with a hike widely expected.

- Date: 2026-11-02 · published 2026-11-02T12:08:32.220Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/75357-euro-strengthens-against-dollar-while-sterling-steadies-ahead-of-boe-decision
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and firmer European currencies lower the cost of US-priced feed inputs for European buyers and can support US export competitiveness. The dollar's direction is a background factor for grain and oilseed price moves.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-09-28 | [Sterling, euro rally against dollar after Bank of England buys UK bonds](https://feedsoft.ai/events/39830-sterling-euro-rally-against-dollar-after-bank-of-england-buys-uk-bonds.md) | +3.8% | +4.7% |
| EURUSD | 2023-04-17 | [The multiple factors underpinning the renewed strength of the euro against the dollar](https://feedsoft.ai/events/36619-the-multiple-factors-underpinning-the-renewed-strength-of-the-euro-against-the.md) | -0.1% | -1.1% |
| EURUSD | 2022-12-15 | [Sterling falls against dollar and euro on 'dovish' UK rate hike](https://feedsoft.ai/events/38477-sterling-falls-against-dollar-and-euro-on-dovish-uk-rate-hike.md) | -0.5% | +1.5% |
| EURUSD | 2023-01-31 | [Expect Pound Sterling Weakness against Euro, Dollar in Wake of Bank of England: CIBC](https://feedsoft.ai/events/38020-expect-pound-sterling-weakness-against-euro-dollar-in-wake-of-bank-of-england.md) | -1.3% | -2.4% |
| EURUSD | 2024-01-31 | [Pound pares advance against Euro and Dollar as investors position for Bank of England By PoundSterlingLIVE](https://feedsoft.ai/events/32370-pound-pares-advance-against-euro-and-dollar-as-investors-position-for-bank-of.md) | -0.9% | -0.0% |
| DXY | 2018-07-31 | [Yen strengthens against dollar ahead of BoJ decision - The HinduBusinessLine](https://feedsoft.ai/events/64285-yen-strengthens-against-dollar-ahead-of-boj-decision-the-hindubusinessline.md) | +0.6% | +0.6% |
| DXY | 2022-09-28 | [Sterling, euro rally against dollar after Bank of England buys UK bonds](https://feedsoft.ai/events/39830-sterling-euro-rally-against-dollar-after-bank-of-england-buys-uk-bonds.md) | -1.8% | -1.5% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |

## Sources

- economies.com: https://www.economies.com/markets/europe-news/euro-strengthens-against-dollar-while-sterling-steadies-ahead-of-boe-decision-50428

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.