GBP/USD hovers around 1.34 as BoE hike bets support pound: Oct 31, 2026
The pound has hovered around 1.34 and tested six-week highs as expectations of Bank of England tightening have outweighed Fed doubts and strong US GDP data. Moves have also reflected shifts in the US dollar, which has at times regained ground ahead of US PCE and GDP data and at other times slipped as markets scaled back Fed hike expectations beyond December.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the GBP/USD page.
Headlines (9)
First seen on October 31
- GBP/USD Weekly OutlookActionForex
Carried over from earlier days
- Sterling today: Pound edges lower as dollar firms ahead of US PCE, GDP dataInvesting.com
- Pound Sterling Price News and Forecast: GBP/USD ticks lower as the US Dollar regains groundFXStreet
- British Pound defies strong US GDP as BoE rate hike bets support CableFXStreet
- A split BoE votes on November 5 with the Pound near 1.34FXStreet
- British Pound tests six-week highs as traders brace for BoE tighteningFXStreet
- Sterling today: Pound firms as dollar slips on midterm, AI jittersInvesting.com
- Dollar Falls Across the Board as Markets Scale Back Fed Hike Expectations Beyond DecemberActionForex
- British Pound hovers around 1.34 as BoE hike bets outshine Fed doubtsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, November 1 | ||
| Daylight Saving Time Shift | USD | |
| FOMC Financial Stability Report | USD | |
| Monday, November 2 | ||
| Final Manufacturing PMI | 52.8 | GBP |
| Final Manufacturing PMI | 56.0 | USD |
| ISM Manufacturing Prices | 77.2 | USD |
| Construction Spending m/m | 0.3% | USD |
| ISM Manufacturing PMI | 54.7 | USD |
| FOMC Member Goolsbee Speaks | USD | |