# Sterling steady as traders await BoE, nervously watch midterms | live

> Sterling held steady against the dollar and euro on Tuesday, with the pound flat at $1.3414 and near an 18-month high against the euro reached last week. Traders are cautious ahead of the US midterm elections and the Bank of England's Thursday meeting, where a rate rise is widely expected. The Iran war and a slump in AI-related shares also weighed on sentiment.

- Date: 2026-11-03 · published 2026-11-03T15:11:40.348Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/77892-sterling-steady-as-traders-await-boe-nervously-watch-midterms-live
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A BoE hike to fight energy-driven inflation would support sterling and tighten UK financing conditions, but for feed buyers the effect on grain and meal prices is indirect. Sterling moves mainly matter for UK import costs.

## Read by commodity

- GBPUSD: neutral

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/sterling-steady-traders-await-boe-nervously-watch-midterms

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