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The pound rose more than 0.5% against the US dollar on Monday, trading above 1.3400 as the dollar weakened. Markets also weighed easing concerns about escalation in the US-Iran war and awaited the latest US inflation report.
A weaker safe-haven dollar and reduced geopolitical risk supported sterling, lifting GBP/USD. The upcoming US CPI release could shift expectations for interest rates and currency demand.
fxstreet.comFXStreet TeamNov 9, 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.
