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The pound traded flat near 1.3405 in early European trading on Tuesday as investors waited for the US midterm elections, the Bank of England rate decision and US jobs data. The BoE is widely expected to raise its Bank Rate to 4.0% from 3.75% at its Thursday meeting, its first hike since August 2023.
A BoE hike and hawkish guidance would support sterling against the dollar, but the move is largely priced in and guidance may limit gains. Currency moves of this kind have little direct effect on grain or feed commodity prices.
fxstreet.comLallalit SrijandornNov 3, 2026
tmgm.comLallalit SrijandornNov 3, 2026tmgm.comLallalit SrijandornNov 3, 2026Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
