# Bank of England poised to raise rates but may push back on bets for more

> The Bank of England is expected to raise Bank Rate to 4.0% from 3.75% on Thursday, its first hike since August 2023, according to Reuters-polled economists. Policymakers are wary of being caught out by persistent inflation as energy prices stay high amid the Iran war.

- Date: 2026-11-02 · published 2026-11-03T00:23:52.891Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/76732-bank-of-england-poised-to-raise-rates-but-may-push-back-on-bets-for-more
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK borrowing costs strengthen sterling and tighten financing for feed and livestock businesses, while the BoE may signal fewer hikes ahead, which could ease pressure on the dollar-linked commodity complex.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/bank-england-poised-raise-rates-may-push-back-bets-more

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