Sterling rose 0.39% against the dollar to $1.3440 and the euro gained 0.65% to $1.1233 on Monday, as the dollar eased after oil prices fell 2-3% on reports that U.S. President Donald Trump wants diplomacy with Iran to run its course. ING's Chris Turner expects DXY to trade around 102.00 and sees no strong case for a lower correction, while describing the Fed outlook as hawkish. A 25 basis point Bank of England hike to 4% on Thursday is fully priced, with ING expecting a 7-2 vote, while the euro faces added pressure after Fitch cut its outlook on France to negative. HSBC puts EUR/USD support at 1.1084 and resistance at 1.1250.
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Related tickers and likely impact
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 101.96 |
| Change that session | +0.08% |
GBP/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 1.33901 |
| Change that session | +0.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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