Epn=q4πεo(a2+r2−2a.r.cos(θ)).sin(θ)
where a is the perpendicular distance to the axis of travel, q is the negative charge of the dipole, r is the radius of the circular path on which the negative charge is rotating and θ is the location of the negative charge on the circular path.
Since,
sin(θ)=Ra=√(a2+r2−2a.r.cos(θ))a
∴Epn=q4πεo.a.√(a2+r2−2a.r.cos(θ))
when r is small,
Epn=q4πεo.a2=B.a, since B=14πεo.qa3
It seem that Epn has a bigger effect that B.
For a conductor placed perpendicular to the B-field, this normal E-field component Epn acts across the conductor producing a voltage difference across the surface of the conductor. Epn could be responsible for Hall Effect.