# Pound at highest level since Brexit vote in 2016 | The Independent

> Sterling reached its strongest level against a basket of 18 currencies since 23 June 2016 on Wednesday, according to Bank of England data. The pound slipped 0.1% to $1.346 after the rate rise to 4%, its first increase in more than three years.

- Date: 2026-11-05 · published 2026-11-05T15:09:37.809Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/81950-pound-at-highest-level-since-brexit-vote-in-2016-the-independent
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Much of the pound's gain reflects dollar weakness after the Democratic midterm win, which can make dollar-priced feed commodities relatively cheaper for UK buyers. The direct effect on feed markets is small.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-23 | [Pound trades at highest since early 2022, boosted by unease over US assets](https://feedsoft.ai/events/24931-pound-trades-at-highest-since-early-2022-boosted-by-unease-over-us-assets.md) | -0.2% | -0.7% |
| DXY | 2017-06-29 | [Pound-Dollar exchange rate: Sterling hits one-month high after Mark Carney hints at UK interest rate rise \| The Independent \| The Independent](https://feedsoft.ai/events/70749-pound-dollar-exchange-rate-sterling-hits-one-month-high-after-mark-carney-hints.md) | +0.3% | -1.7% |
| DXY | 2025-10-01 | [Euro Heads for Highest in Four Years With $1.20 Level in Sight](https://feedsoft.ai/events/23100-euro-heads-for-highest-in-four-years-with-1-20-level-in-sight.md) | +0.3% | +0.3% |
| DXY | 2016-11-09 | [Pound sterling value: What happens now Donald Trump has won the US election? \| The Independent \| The Independent](https://feedsoft.ai/events/74078-pound-sterling-value-what-happens-now-donald-trump-has-won-the-us-election-the.md) | +3.1% | +3.3% |
| DXY | 2025-08-27 | [Yuan reaches the highest level since November on weak Dollar, stock rally - CNBC TV18](https://feedsoft.ai/events/23543-yuan-reaches-the-highest-level-since-november-on-weak-dollar-stock-rally-cnbc.md) | -0.0% | -0.3% |

## Sources

- independent.co.uk: https://www.independent.co.uk/news/business/britain-brexit-sterling-covid-democrats-b3079831.html

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