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The pound held near 1.3420 against the dollar on Tuesday, up about 0.1%, as traders awaited the US midterm election results. A stronger-than-expected US JOLTS jobs report and weaker factory data were cited as trimming the pound's early losses.
Traders also looked ahead to the Bank of England rate decision and US September jobs data later in the week.
Feed buyers import in dollars and sterling-linked contracts can shift with the dollar, so a firmer dollar on election and jobs risk can raise the local-currency cost of imported feed ingredients. The move is small and routine, with no new shock to grain or protein supply.
fxstreet.comFXStreet TeamNov 3, 2026Not 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.
