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GBP/USD retreated from seven-week highs near 1.3500 to around 1.3350 after stronger US jobs data and a technology-stock selloff supported the dollar. UBS forecasts the pair rising to 1.41 by mid-2027, while Rabobank expects it near 1.30 over the next year; the Bank of England rate hike provided some support to sterling.
The competing forecasts reflect differing expectations for UK fundamentals, interest rates, and dollar strength, leaving the currency outlook uncertain. The reported rate and risk-appetite shifts affect exchange rates rather than agricultural supply or demand.
currencynews.co.ukDavid WoodsmithNov 9, 2026Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
