# British Pound: Room to rise toward 1.3480 against US Dollar – UOB

> UOB turned constructive on GBP/USD, citing recent gains and rising momentum ahead of an expected Bank of England rate hike. It sees short-term consolidation between 1.3380 and 1.3435, with scope to test 1.3480 over one to three weeks and months if support at 1.3360 holds.

- Date: 2026-11-03 · published 2026-11-03T09:10:15.679Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/77388-british-pound-room-to-rise-toward-1-3480-against-us-dollar-uob
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer pound against the dollar makes US-priced commodities such as feed grains and meal cheaper for UK and European buyers, while a stronger dollar tends to pressure dollar-denominated feed prices.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-23 | [Pound Rises to Strongest in Over Two Years Against the US Dollar - Bloomberg](https://feedsoft.ai/events/29067-pound-rises-to-strongest-in-over-two-years-against-the-us-dollar-bloomberg.md) | -0.1% | -0.8% |
| DXY | 2022-10-25 | [Pound surges against dollar after US house price shock](https://feedsoft.ai/events/39397-pound-surges-against-dollar-after-us-house-price-shock.md) | -0.3% | -3.0% |
| DXY | 2018-07-30 | [Rand gains ground against the dollar](https://feedsoft.ai/events/64323-rand-gains-ground-against-the-dollar.md) | +0.2% | +0.7% |
| DXY | 2017-04-01 | [Bullish British Pound To Dollar Rate Today On Better-than-Forecast UK Sales](https://feedsoft.ai/events/72235-bullish-british-pound-to-dollar-rate-today-on-better-than-forecast-uk-sales.md) | +0.2% | -0.0% |
| DXY | 2022-03-31 | [Ringgit continues upward momentum against US dollar](https://feedsoft.ai/events/42530-ringgit-continues-upward-momentum-against-us-dollar.md) | +0.8% | +3.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-room-to-rise-toward-13480-against-us-dollar-uob-202611030832

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