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The British pound traded at around 1.3410 against the dollar during the European session on Tuesday as investors focused on the US midterm elections. Deutsche Bank cited prediction markets giving Democrats a 95% chance of winning the House and 79% of retaking the Senate.
The BoE is expected to raise its policy rate by 25 basis points to 4% with a 7-2 vote split.
A Democratic sweep could shift US fiscal and trade expectations, which would move the dollar and dollar-priced commodities. A BoE hike would add a further pillar of tighter global financial conditions.
fxstreet.comSagar DuaNov 3, 2026Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, DXY 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.
