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GBP/USD rose to 1.3463, its highest level since mid-September, as markets expected the Bank of England to raise rates for the first time since 2023. Dollar weakness after the US midterm elections also supported the pound.
Traders will watch the BoE's guidance on the path of future hikes.
Dollar weakness and a firmer pound change the relative cost of dollar-priced feed ingredients, so buyers outside the US may see lower landed costs.
investing.comAndrey GoilovNov 4, 2026Not enough comparable past events yet for a historical read.
After 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.
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.
