GBP/USD holds near 1.3400s after BoE hike to 4% and strong US jobs: Nov 7, 2026
The Bank of England raised the Bank Rate to 4.00% in a 9-0 vote, according to its November 2026 summary. US October payrolls rose by 165,000 in what headlines described as a blowout report that revived Fed hike bets and gave the dollar its biggest daily gain in nearly five months. Sterling traded around the mid-1.3400s, with 1.3500 noted as a potential barrier on US jobs day.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the GBP/USD page.
Headlines (9)
Carried over from earlier days
- Bank rate increased to 4% - November 2026 Monetary Policy Summary and Minutesbankofengland.co.uk
- Bank of England raises the Bank Rate to 4.00% as expected in a 9-0 voteInvestingLive
- UK hikes rates with eye on Trump’s next Middle East movepolitico.eu
- Futures Split As Blue-Wave Chip Purge Enters Day Two; Oil Rebounds, BoE HikesZeroHedge
- The Pound loses its BoE hike bounce before Friday's US payrollsFXStreet
- British Pound flatlines near mid-1.3400s vs softer USD; looks to US NFP for fresh impetusFXStreet
- 1.3500: Might act as key barrier for GBP/USD on US NFP dayFXStreet
- British Pound cracks 1.3400 as blowout US NFP revive Fed hike betsFXStreet
- US October Payrolls Rise by 165,000, Dollar Posts Biggest Daily Gain in Nearly Five Monthsgelonghui.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 9 | ||
| FOMC Member Bowman Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |
| BOE Gov Bailey Speaks | GBP | |
| Cleveland Fed Inflation Expectations | USD | |
| Tuesday, November 10 | ||
| BRC Retail Sales Monitor y/y | 1.2% | GBP |
| MPC Member Breeden Speaks | GBP | |