Loading…
GBP/USD traded near 1.3490 on Thursday morning as the US dollar softened after Democrats won control of both chambers of Congress in the midterm elections. Markets were also awaiting the Bank of England decision, with economists polled by Reuters expecting a rise in Bank Rate to 4% from 3.75%.
A weaker dollar and a likely BoE hike lift sterling, which changes the cost of dollar-priced commodities for UK-linked buyers. The effect on feed grain prices is indirect and small.
fxstreet.comLallalit SrijandornNov 5, 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.
