# Sterling today: Pound gains as dollar slips on Iran diplomacy bets By Investing.com

> Sterling rose 0.39% to $1.3440 on November 2 as the dollar eased after oil fell 2-3% on reports that Trump wanted diplomacy with Iran to run its course. The article says a 25 basis point Bank of England hike to 4% is fully priced for Thursday. ING expects the Fed to be readying another tightening.

- Date: 2026-11-02 · published 2026-11-02T12:08:32.440Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/75361-sterling-today-pound-gains-as-dollar-slips-on-iran-diplomacy-bets-by-investing
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The dollar's softer tone and lower oil prices shift the cost of dollar-priced commodities for non-US buyers. Lower crude also reduces diesel and freight costs that feed into feed prices.

## Read by commodity

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

## Sources

- uk.investing.com: https://uk.investing.com/news/forex-news/sterling-today-pound-gains-as-dollar-slips-on-iran-diplomacy-bets-4948134
- investing.com: https://www.investing.com/news/forex-news/sterling-today-pound-gains-as-dollar-slips-on-iran-diplomacy-bets-4990380

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