# British pound hits seven-week high against wilting dollar | live

> 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.

- Date: 2026-11-04 · published 2026-11-04T12:08:59.475Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79622-british-pound-hits-seven-week-high-against-wilting-dollar-live
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-02 | [Sterling hits 2-week high against broadly weaker dollar](https://feedsoft.ai/events/74072-sterling-hits-2-week-high-against-broadly-weaker-dollar.md) | -0.6% | +3.2% |
| DXY | 2020-02-28 | [Virus panic sends yen to seven-week high against dollar](https://feedsoft.ai/events/54814-virus-panic-sends-yen-to-seven-week-high-against-dollar.md) | -0.5% | +4.3% |
| DXY | 2025-12-03 | [Euro hits almost seven-week high, dollar broadly lower](https://feedsoft.ai/events/21725-euro-hits-almost-seven-week-high-dollar-broadly-lower.md) | -0.4% | -1.2% |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |
| DXY | 2023-08-28 | [Dollar index dips, briefly hits 9-month high against yen](https://feedsoft.ai/events/34857-dollar-index-dips-briefly-hits-9-month-high-against-yen.md) | +0.2% | +1.3% |

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/british-pound-hits-seven-week-high-against-wilting-dollar

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