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GBP/USD traded about 0.3% higher near 1.3430 at the start of the week, supported by expectations that the Bank of England will raise its Bank Rate by 25bp to 4.00% on Thursday. ING called the hike a done deal given elevated energy costs.
The article is a technical forecast that reiterates the earlier PMI data.
Expected BoE tightening supports sterling against the dollar, which can slightly lift the dollar value of UK-linked feed demand. The price link is indirect and the forecast adds little new information.
fxstreet.comFXStreet TeamNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
