Pound reaches mid-September high on Iran talks, BoE in focus: Nov 3, 2026
Sterling reached its highest since mid-September as the dollar slipped on bets around Iran diplomacy, though it later retreated from two-week highs despite upbeat UK manufacturing activity. Traders are now awaiting the Bank of England rate decision, with expectations for a rise to 4% in the fight against inflation.
Updated
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Headlines (9)
First seen on November 3
- Euro weakens against British Pound on soft German Retail Sales, traders await BoE rate decisionFXStreet
Carried over from earlier days
- 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
- BOE Expected to Join Peers in Raising Key RateThe Wall Street Journal
- Bank of England set for first rate hike as energy shock worsensING Think
- British Pound trades positive at the start of the BoE’s policy weekFXStreet
- Sterling today: Pound gains as dollar slips on Iran diplomacy betsInvesting.com
- British Pound retreats from two-week highs despite upbeat UK manufacturing activityFXStreet
- Pound reaches its highest since mid-September on Iran talksFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, November 3 | ||
| BRC Retail Sales Monitor y/y | GBP | |
| 10-y Bond Auction | GBP | |
| JOLTS Job Openings | 7.15M | USD |
| Factory Orders m/m | 1.2% | USD |
| RCM/TIPP Economic Optimism | 46.2 | USD |
| Omdia Total Vehicle Sales | 15.8M | USD |
| Congressional Elections | USD | |
| API Weekly Statistical Bulletin | USD | |