Sterling steadies near 1.3400 ahead of expected BoE rate hike: Nov 2, 2026
Sterling steadied near 1.3400 as markets awaited the Bank of England decision, with expectations for a rate rise to 4% in the fight against inflation. The expected hike is described as largely priced, while UOB noted resistance at 1.3435 for GBP/USD and UK households braced to remortgage on worse deals.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the GBP/USD page.
The day on the wire
00:0006:0012:0018:0024:00
Each tick is a headline first seen that day.
Headlines (10)
First seen on November 2
- British Pound steadies near 1.3400 amid BoE rate hike expectationsFXStreet
- RBA and BoE Hikes Largely Priced — Can GBP/AUD Escape Its Six-Month Range?ActionForex
- BoE set to raise rates to 4% in fight against inflationFinancial Times
- GBP/USD Price Forecast: Sticks to bullish near 1.3400 ahead of BoE decision on WednesdayFXStreet
- Millions in UK brace to remortgage on worse deals as rate rise loomsThe Guardian
- Euro pares gains against British Pound after Germany’s Retail Sales unexpectedly fall in SeptemberFXStreet
- British Pound: Resistance at 1.3435 caps upside against US Dollar – UOBFXStreet
- BOE Expected to Join Peers in Raising Key RateThe Wall Street Journal
Carried over from earlier days
- Economics Week AheadActionForex
- Trump faces the votersFinancial Times
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 2 | ||
| Final Manufacturing PMI | 52.8 | GBP |
| Final Manufacturing PMI | 56.0 | USD |
| ISM Manufacturing Prices | 77.2 | USD |
| ISM Manufacturing PMI | 54.5 | USD |
| Construction Spending m/m | 0.4% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| Loan Officer Survey | USD | |
| Omdia Total Vehicle Sales | USD | |