# British Pound trades positive at the start of the BoE’s policy week

> The British pound traded about 0.3% higher near 1.3430 against the US dollar at the start of the week. Markets are awaiting the Bank of England's policy decision on Thursday, where a 25 basis point hike to 4% is widely expected. Traders also put a 70-72% chance on Democrats winning both the House and Senate.

- Date: 2026-11-02 · published 2026-11-02T09:09:54.543Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/75252-british-pound-trades-positive-at-the-start-of-the-boe-s-policy-week
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Tighter UK policy and firmer sterling are macro moves with little direct effect on feed commodity prices. The main effect would be on import costs for UK feed buyers, through the currency.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-trades-positive-at-the-start-of-the-boes-policy-week-202611020845

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