# British Pound defies strong US GDP as BoE rate hike bets support Cable

> Sterling rose 0.19% to 1.3340 despite US Q3 GDP printing 3.4% against forecasts of 3.2%, with Core PCE inflation at 3.1%. Markets priced an 81% chance of a Fed hike in December and a November Bank of England hike.

- Date: 2026-10-29 · published 2026-10-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/17316-british-pound-defies-strong-us-gdp-as-boe-rate-hike-bets-support-cable
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong US growth and inflation point to tighter Fed policy that supports the dollar, but BoE hike bets offset that for the pound, leaving cross-currency import costs mixed for buyers.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | [British Pound edges higher, US Dollar remains strong](https://feedsoft.ai/events/42088-british-pound-edges-higher-us-dollar-remains-strong.md) | +0.1% | -0.4% |
| DXY | 2026-07-30 | [British Pound declines as Fed hawkish rate holds boost US Dollar, BoE rate decision looms](https://feedsoft.ai/events/18612-british-pound-declines-as-fed-hawkish-rate-holds-boost-us-dollar-boe-rate.md) | -1.2% | -1.9% |
| DXY | 2023-05-01 | [US dollar edges higher as GDP, jobless claims affirm rate hike bets](https://feedsoft.ai/events/36302-us-dollar-edges-higher-as-gdp-jobless-claims-affirm-rate-hike-bets.md) | -0.6% | +1.2% |
| DXY | 2026-06-18 | [British Pound hits fresh two-month lows sub-1.3220 as BoE stands pat on rates](https://feedsoft.ai/events/19061-british-pound-hits-fresh-two-month-lows-sub-1-3220-as-boe-stands-pat-on-rates.md) | +1.4% | +1.0% |
| DXY | 2017-11-03 | [British Pound Tanks Vs Euro, Dollar Exchange Rates After BoE Hike - ING Exchange Rate Forecast](https://feedsoft.ai/events/68239-british-pound-tanks-vs-euro-dollar-exchange-rates-after-boe-hike-ing-exchange.md) | +0.0% | -1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-defies-strong-us-gdp-as-boe-rate-hike-bets-support-cable-202610291551
- fxstreet.com: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-defies-strong-us-gdp-as-boe-rate-hike-bets-support-cable-202610291708

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.