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The pound fell 0.66% against the US dollar to $1.3367 on Friday, breaking below a technical support range identified by Scotiabank. Strong US employment figures strengthened the dollar and complicated expectations for Federal Reserve policy, while the Bank of England’s rate rise had previously been seen as support for sterling.
The exchange-rate move reflects changing expectations for UK and US interest rates rather than a direct feed-commodity supply or demand shift. A stronger dollar can weigh on dollar-denominated commodity prices, but the article gives no specific commodity impact.
exchangerates.org.ukDave TaylorNov 6, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
