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GBP/USD edged about 0.10% higher to around 1.3420 as the pound steadied against the dollar. US JOLTS data showed job openings rose to 7.5 million in September and factory orders jumped 1.8%.
Investors awaited the US midterm elections while Iran denied reports of a draft deal with Washington.
Stronger US labour and factory data support the dollar, capping sterling gains, which matters for dollar-priced commodities and import costs for feed buyers in the UK and Europe. Geopolitical and midterm uncertainty adds to currency volatility, which can shift export competitiveness and commodity pricing.
fxstreet.comChristian Borjon ValenciaNov 3, 2026After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
