British Pound (GBP/USD) news & analysis
GBP/USD is the exchange rate between the British pound and the US dollar, often called "cable" in the market.
The reading
The news
No clear impulse
Priced in
Partly priced in
What follows
Nothing worth acting on
Reading as of . Research context, not investment advice. It never tells you what to trade.
How a reading is madeWhy is GBP/USD up or down today?
The Bank of England raised Bank Rate to 4.00% as expected in a 9-0 vote. Sterling traded near a seven-week high as US elections dented the dollar, then lost its hike bounce to flatline near the mid-1.3400s with 1.3500 noted as a barrier. Focus is now on Friday's US payrolls report for fresh impetus.
Updated
Latest news
Friday, November 6
Thursday, November 5
- The Pound loses its BoE hike bounce before Friday's US payrollsFXStreet
- Futures Split As Blue-Wave Chip Purge Enters Day Two; Oil Rebounds, BoE HikesZeroHedge
- UK hikes rates with eye on Trump’s next Middle East movepolitico.eu
- Bank of England raises the Bank Rate to 4.00% as expected in a 9-0 voteInvestingLive
- Bank rate increased to 4% - November 2026 Monetary Policy Summary and Minutesbankofengland.co.uk
Wednesday, November 4
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Friday, November 6 | ||
| FOMC Member Logan Speaks | USD | |
| Lloyds HPI m/m | 0.0% | GBP |
| FOMC Member Williams Speaks | USD | |
| MPC Member Pill Speaks | GBP | |
| Average Hourly Earnings m/m | 0.3% | USD |
| Unemployment Rate | 4.2% | USD |
| Non-Farm Employment Change | 65K | USD |
| FOMC Member Musalem Speaks | USD | |
Day by day
106 days on record since July 22, 2026. Each column is one day: the bar is its headlines, the mark is the reading at its close.
Recent days
- Thu, Nov 5Neutral17 headlines. Sterling traded near a seven-week high around 1.3500 after US midterm results weighed on the US dollar.
- Wed, Nov 4Neutral16 headlines. The pound is near a seven-week high around 1.3500, with headlines linking the move to a weaker US dollar after US midterm election results in which Republicans lost both houses.
- Tue, Nov 3Neutral11 headlines. Sterling has been supported by expectations that the Bank of England is set to raise its key rate to 4% in the fight against inflation as the energy shock worsens, alongside a softer dollar.
- Mon, Nov 2Neutral15 headlines. Sterling is trading positively at the start of the Bank of England's policy week, with expectations for a rate rise to 4% in the fight against inflation amid an energy shock.
- Sun, Nov 1Neutral12 headlines. The economic calendar is in focus with the week ahead putting upcoming releases in view for GBP/USD.
Frequently asked questions
- What is GBP/USD?
- GBP/USD is the exchange rate between the British pound and the US dollar, often nicknamed "cable."
- What moves GBP/USD?
- It is driven mainly by the interest-rate gap between the Bank of England and the US Federal Reserve, UK inflation and growth data, and global risk sentiment.
- Why is GBP/USD called "cable"?
- The nickname dates to the 19th century, when GBP/USD quotes were transmitted between London and New York over a transatlantic telegraph cable.
Not investment advice. For informational purposes only.