# Sterling today: Pound edges up as dollar eases, BoE hike in view

> Sterling rose slightly to $1.3441 as the dollar softened on lower oil prices and positioning ahead of the US midterms. The Bank of England is widely expected to raise its rate by 25 basis points to 4% at its Thursday meeting. Investors were also watching US JOLTS data and the Treasury refunding announcement.

- Date: 2026-11-03 · published 2026-11-03T12:08:21.542Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/77529-sterling-today-pound-edges-up-as-dollar-eases-boe-hike-in-view
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A widely expected BoE hike and a softer dollar have a limited direct effect on feed commodity prices. Lower oil prices ease energy-cost pressure on feed supply chains, but the effect is modest.

## Read by commodity

- GBPUSD: neutral

## Sources

- investing.com: https://www.investing.com/news/forex-news/sterling-today-pound-edges-up-as-dollar-eases-boe-hike-in-view-4994180

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