# Sterling today: Pound gains as dollar slips on Democratic midterm sweep

> Sterling rose 0.60% to $1.3495 and the euro gained 0.63% to $1.1262 as the dollar weakened after Democrats flipped Senate seats and secured a House majority. ING described the dollar drop as tentative and noted the dollar index's support near 101.25 ahead of the jobs report.

- Date: 2026-11-04 · published 2026-11-04T12:08:12.238Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79611-sterling-today-pound-gains-as-dollar-slips-on-democratic-midterm-sweep
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The dollar move is seen as tentative, so its effect on dollar-priced grain, oilseed and meal prices is likely to stay limited unless US jobs data or policy developments extend it.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-28 | [Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief](https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief.md) | -0.3% | +0.2% |
| DXY | 2018-11-05 | [Dollar slips ahead of midterm vote; sterling up on Brexit deal report - MarketWatch](https://feedsoft.ai/events/62303-dollar-slips-ahead-of-midterm-vote-sterling-up-on-brexit-deal-report-marketwatch.md) | +0.7% | +0.3% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |
| DXY | 2021-10-19 | [Dollar dips as bonds stabilize, while sterling, NZ dollar gain](https://feedsoft.ai/events/44741-dollar-dips-as-bonds-stabilize-while-sterling-nz-dollar-gain.md) | -0.3% | +1.0% |

## Sources

- ph.investing.com: https://ph.investing.com/news/forex-news/sterling-today-pound-gains-as-dollar-slips-on-democratic-midterm-sweep-2673289
- investing.com: https://www.investing.com/news/forex-news/sterling-today-pound-gains-as-dollar-slips-on-democratic-midterm-sweep-4998167

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