Sterling firms around 1.34 on BoE hike bets, softer dollar: Nov 1, 2026
Sterling is hovering around 1.34 and testing six-week highs as traders brace for Bank of England tightening. The move follows broad dollar weakness as markets scale back expectations for Federal Reserve hikes beyond December. Previews point to a hike to contain inflation risks, with talk of a gradual hiking path.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the GBP/USD page.
Headlines (10)
Carried over from earlier days
- Euro softens against British Pound, traders await Germany and Eurozone GDP dataFXStreet
- British Pound tests six-week highs as traders brace for BoE tighteningFXStreet
- Sterling today: Pound firms as dollar slips on midterm, AI jittersInvesting.com
- Greenback Dragged Lower by Questions of the AI Mememarctomarket.com
- 0.8336: Euro hits 19-month lows against British Pound despite upbeat Eurozone GDPFXStreet
- Dollar Falls Across the Board as Markets Scale Back Fed Hike Expectations Beyond DecemberActionForex
- Bank of England: Gradual hiking path – RabobankFXStreet
- Bank of England Preview – A Hike to Contain Inflation RisksActionForex
- British Pound hovers around 1.34 as BoE hike bets outshine Fed doubtsFXStreet
- GBP/USD Weekly OutlookActionForex
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 | |