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The British pound rose to its highest level since September 15 against the dollar, trading at $1.3495 after a 0.63% gain. The dollar weakened after Democrats won control of both chambers of Congress in the US midterm elections.
Traders were also pricing in a Bank of England rate hike for Thursday.
A weaker dollar and firmer sterling shift currency flows that can affect US dollar-denominated grain and feed prices and the cost of imports for UK buyers. The move is macro and currency-driven, with limited direct effect on feed supply.
live.euronext.comNov 4, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
