# GBP/USD, DAX Forecast: 2 Trades to Watch | Investing.com UK

> GBP/USD is holding above 1.34 ahead of the US midterm elections and the Bank of England decision on Thursday, with a 25 basis point hike to 4% almost fully priced in. The DAX is slipping as a global tech selloff continues.

- Date: 2026-11-03 · published 2026-11-04T00:13:13.996Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/78610-gbp-usd-dax-forecast-2-trades-to-watch-investing-com-uk
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves around the midterms and BoE decision shift the relative cost of dollar-priced grain and feed imports for UK and European buyers, though the direct effect on commodity prices is limited.

## Sources

- uk.investing.com: https://uk.investing.com/analysis/gbpusd-dax-forecast-2-trades-to-watch-200629213

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