# GBP/USD Surges to 1.3550: Fed Hike Bets Fade, UK Jobs Data in Focus (2026)

> GBP/USD climbed to nearly 1.3550 in early Asian trading on Tuesday as bets on further Fed rate hikes faded after cooler-than-expected US inflation data. Traders are also waiting for a run of UK wages, jobs and inflation releases. Commentary from a Bank of England official favouring higher borrowing costs was cited as additional support for sterling.

- Date: 2026-11-01 · published 2026-11-01T18:27:44.943Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/33801-gbp-usd-surges-to-1-3550-fed-hike-bets-fade-uk-jobs-data-in-focus-2026
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Fading Fed hike expectations weaken the dollar, which tends to support dollar-priced commodities. The pound's gain itself has little direct effect on feed prices.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-28 | [USD/JPY strengthens to near 149.50 as US PCE data reinforces Fed dovish bets](https://feedsoft.ai/events/23130-usd-jpy-strengthens-to-near-149-50-as-us-pce-data-reinforces-fed-dovish-bets.md) | -0.3% | +0.3% |
| DXY | 2026-07-31 | [Ringgit Gains on US Data Miss, but Fed Hike Bets Keep Dollar Supported](https://feedsoft.ai/events/18623-ringgit-gains-on-us-data-miss-but-fed-hike-bets-keep-dollar-supported.md) | -0.1% | -1.1% |
| DXY | 2023-04-28 | [GBP/USD Tests One-year High Following PCE Inflation Data Goes the Fed's Way](https://feedsoft.ai/events/36668-gbp-usd-tests-one-year-high-following-pce-inflation-data-goes-the-fed-s-way.md) | -0.3% | +1.2% |
| DXY | 2025-08-28 | [Ringgit rebounds after two-day slide on Fed rate cut bets and key US data in focus \| Malay Mail](https://feedsoft.ai/events/23582-ringgit-rebounds-after-two-day-slide-on-fed-rate-cut-bets-and-key-us-data-in.md) | +0.0% | -0.2% |
| DXY | 2019-03-20 | [Fed sees no rate hikes in 2019, sets end to asset runoff](https://feedsoft.ai/events/59990-fed-sees-no-rate-hikes-in-2019-sets-end-to-asset-runoff.md) | +0.4% | +0.4% |

## Sources

- bestluckcollection.com: https://bestluckcollection.com/article/gbp-usd-surges-to-1-3550-fed-hike-bets-fade-uk-jobs-data-in-focus

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