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GBP/USD rose about 0.6% to near $1.3490 after Democrats secured control of both chambers of Congress in the US midterms. The result leaves President Trump facing a divided government for the remaining two years of his term.
Analysts expect less room for fiscal stimulus and lower Treasury yields.
A divided Congress and a weaker dollar can reduce pressure on US borrowing costs and support non-dollar import prices, which lowers the local-currency cost of imported feed ingredients.
currencynews.co.ukJames FullerNov 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.
