# Pound To Dollar Week-Ahead Forecast: BoE, US Payrolls And Midterms

> GBP/USD reached its best level since mid-September after the Fed's rate decision, with the dollar weakening after Chair Warsh struck a cautious tone. Sterling was trading near $1.34 ahead of a Bank of England decision and the US payrolls report. Investors were also watching the UK Autumn Budget and US midterm elections.

- Date: 2026-11-02 · published 2026-11-02T09:09:09.359Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/75239-pound-to-dollar-week-ahead-forecast-boe-us-payrolls-and-midterms
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness can lift dollar-priced commodities by making them cheaper for non-US buyers. The effect on feed markets is small compared with the currency moves themselves.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47632/2026-11-02-pound-to-dollar-week-ahead-forecast-boe-us-payrolls-and-midterms.html
- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47632/2026-11-02-pound-to-dollar-week-ahead-forecast-boe-us-payrolls-and-midterms-risk.html

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