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Sterling traded near $1.3410-1.3431 in New York, with pound-yen rising to 211.91. Markets price a 96% chance of a 25bp BoE rate hike at the Thursday meeting, which is seen as supported by improving growth and inflation outlooks.
A fully priced BoE hike limits further GBP upside, so the pound's direction hinges on guidance. Currency moves like this shape dollar-based commodity price competitiveness for UK and European buyers only marginally.
zaikei.co.jpNov 2, 2026Not 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.
