Pound cracks 1.3400 as strong US payrolls lift dollar: Nov 8, 2026
The pound cracked 1.3400 after US October payrolls rose by 165,000, with revisions adding 84,000 and unemployment at 4.1%, reviving Fed hike bets and giving the dollar its biggest daily gain in nearly five months. The move follows the Bank of England raising rates to 4% while forecasting inflation near 5% next year, with policymakers noting rates could stay on hold or fall if growth stalls.
Updated
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Headlines (10)
Carried over from earlier days
- 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
- BoE's Pill: Bank rate to stay on hold or even fall if growth stalls next yearFXStreet
- Payroll employment rises by 165,000 in October; unemployment rate changes little at 4.1%bls.gov
- US Non Farm Payrolls Surge 165K, Revisions Add 84K as Unemployment Falls to 4.1%ActionForex
- Bank of England raises rates to 4% as it forecasts inflation near 5% next yearCryptoSlate
- 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
- 'My mortgage is going up £200': How rising interest rates are hitting people's pocketsbbc.co.uk
- Credit Agricole: Hawkish Bank of England Supports Pound but Further Gains Limitedflash.jin10.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 | |