# Outlook For Pound US Dollar Exchange Rate: GBP/USD Strengthens Amid Ongoing BoE Rate Hike Speculation

> The pound/dollar rate hit a one-month high of $1.3832 during the week, supported by Governor Andrew Bailey's signal that the Bank of England would have to act on inflation. Sterling then faced headwinds after UK September CPI surprised by slowing, which cut odds of a November hike, but it closed the week near $1.3784.

- Date: 2021-10-25 · published 2021-10-25T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/44805-outlook-for-pound-us-dollar-exchange-rate-gbp-usd-strengthens-amid-ongoing-boe
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of tighter UK policy support sterling and can lift dollar-priced UK import costs of feed inputs only marginally. The impact on grain and feed prices is minor.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/34255/2021-10-25-outlook-for-pound-us-dollar-exchange-rate-gbp-usd-strengthens-ongoing-boe-rate-hike-speculation.html

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