# Pound US Dollar Exchange Rate Forecast: BoE to Hold Rates in November on Economic Pessimism? »  Future Currency Forecast

> GBP/USD traded in a wide range on October 31 as investors awaited the Fed and BoE decisions. Sterling was near $1.2129, and the article notes that US payrolls could move the dollar.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/33890-pound-us-dollar-exchange-rate-forecast-boe-to-hold-rates-in-november-on
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is routine FX commentary that describes price action without a new fundamental driver for feed commodities. Its effect on feed markets is negligible.

## Sources

- futurecurrencyforecast.com: https://www.futurecurrencyforecast.com/pound-us-dollar-exchange-rate-forecast-boe-to-hold-rates-in-november-on-economic-pessimism-50922

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