Pound nears 1.3500 as US election results dent dollar: Nov 5, 2026
The pound is trading near seven-week highs above 1.3450 and close to 1.3500 after US midterm results, including Republican losses and a Democratic sweep, weighed on the US dollar. The move comes ahead of a Bank of England rate decision, with expectations of an interest rate increase after services sector activity accelerated.
Updated
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Headlines (9)
First seen on November 5
Carried over from earlier days
- British Pound trades flat while US Midterm Elections take centre stageFXStreet
- British Pound rallies to September 16 highs as USD slumps on election resultsFXStreet
- British Pound nears 1.3500 against US Dollar amid Trump's defeat in US midtermsFXStreet
- Sterling today: Pound gains as dollar slips on Democratic midterm sweepInvesting.com
- British Pound extends rally as Republicans lose both US HousesFXStreet
- UK interest rates increase expected after services sector activity acceleratesThe Guardian
- British Pound near seven-week high as US elections dent USD, BoE loomsFXStreet
- Pound rises to its highest level since the Brexit referendumbbc.co.uk
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 5 | ||
| Construction PMI | 46.4 | GBP |
| Challenger Job Cuts y/y | USD | |
| BOE Monetary Policy Report | GBP | |
| Official Bank Rate | 4.00% | GBP |
| MPC Official Bank Rate Votes | 7-0-2 | GBP |
| Monetary Policy Summary | GBP | |
| BOE Gov Bailey Speaks | GBP | |
| Unemployment Claims | 197K | USD |