# Sterling rises after UK jobs rise eases BoE's worries - Markets - Business Recorder

> Sterling rose on November 16 after UK payrolls rose by 160,000 in October, reviving expectations of a Bank of England rate hike. The pound was up only 0.1% against the dollar at $1.3426 as US retail sales beat expectations.

- Date: 2021-11-16 · published 2021-11-16T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/44291-sterling-rises-after-uk-jobs-rise-eases-boe-s-worries-markets-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Stronger UK employment supports sterling and the case for tighter UK policy. The effect on dollar-priced feed commodities is limited.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40133748

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