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The Bank of England is forecast to raise its Bank Rate from 3.75% to 4.00% on Thursday, its first hike since August 2023. Money markets price four quarter-point hikes by September 2027, and GBP/USD is holding above 1.34 on track for a fifth straight gain.
Higher UK rates support the pound and draw capital into sterling, but the hike is largely priced in, so guidance on further tightening matters more than the decision itself for feed-ingredient import costs priced in dollars.
fxstreet.comJoshua GibsonNov 3, 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.
