# Pound to Dollar Forecast: BoE Rate Hike Looms, US Midterms Threaten Volatility

> GBP/USD held near 1.3400, posting weekly gains to just below 1.34 after touching two-week highs. Traders are focused on the Bank of England decision this week and the US midterm elections, with concerns about an AI-driven equity correction.

- Date: 2026-11-02 · published 2026-11-02T09:10:18.536Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/75261-pound-to-dollar-forecast-boe-rate-hike-looms-us-midterms-threaten-volatility
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency moves in sterling and the dollar affect the cost of imported feed ingredients priced in dollars for UK buyers, with a stronger pound lowering landed costs.

## Read by commodity

- USDCAD: neutral

## Sources

- currencynews.co.uk: https://www.currencynews.co.uk/forecast/20261102-47639_pound-to-dollar-forecast-boe-rate-hike-looms-us-midterms-threaten-volatility.html

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