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Sterling was on track for a seventh straight daily gain against a weaker dollar, reaching $1.35025 on Wednesday, its highest since September 15. The Bank of England was widely expected to raise rates by 25 basis points, the first hike since August 2023, amid energy-driven inflation pressure.
A firmer pound and softer dollar lower the local-currency cost of dollar-priced feed ingredients for UK buyers. Expected hikes and a possibly split BoE vote add uncertainty to sterling and UK financing costs.
devdiscourse.comReutersNov 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.
