# Pound to Dollar Forecast: USD Slides as GBP Targets 1.35

> GBP/USD climbed to six-week highs near 1.3450 as a sharp fall in oil prices and lower US Treasury yields weakened dollar demand. The dollar index dipped to 101.35, and Pound Sterling gained on expectations of a Bank of England hike this week.

- Date: 2026-11-03 · published 2026-11-04T00:13:14.305Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/78611-pound-to-dollar-forecast-usd-slides-as-gbp-targets-1-35
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker dollar alongside lower oil prices tends to support dollar-denominated commodity prices and eases import costs for non-US feed buyers, while lower energy costs reduce pressure on feed and freight inputs.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-30 | [Pound To Dollar Rate Forecast: Could A Dovish BoE Weigh On GBP/USD Rates This Week? \| Exchange Rates UK](https://feedsoft.ai/events/51866-pound-to-dollar-rate-forecast-could-a-dovish-boe-weigh-on-gbp-usd-rates-this.md) | +0.1% | +1.4% |
| DXY | 2019-10-31 | [GBP/USD: Pound Gains vs Dollar As Fed Cuts Rates - Currency Live](https://feedsoft.ai/events/56803-gbp-usd-pound-gains-vs-dollar-as-fed-cuts-rates-currency-live.md) | -0.1% | +0.8% |
| 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 | 2025-08-29 | [Dollar Slips as PCE Data Meets Forecasts, Fed Cut Bets Build](https://feedsoft.ai/events/23512-dollar-slips-as-pce-data-meets-forecasts-fed-cut-bets-build.md) | -0.1% | +0.1% |
| DXY | 2018-05-10 | [US Dollar Forecast: Has USD Run Out Of Surprises This Month?](https://feedsoft.ai/events/65213-us-dollar-forecast-has-usd-run-out-of-surprises-this-month.md) | +0.4% | +1.1% |
| WTI | 2020-04-28 | [2020-2022 Exchange Rate Forecasts: Pound-Dollar And Euro-Pound To Rise As USD Losses To Prevail](https://feedsoft.ai/events/53874-2020-2022-exchange-rate-forecasts-pound-dollar-and-euro-pound-to-rise-as-usd.md) | +65.3% | +179.6% |
| WTI | 2026-06-01 | [Canadian Dollar falls despite solid jobs data as US NFP beat forecasts](https://feedsoft.ai/events/19480-canadian-dollar-falls-despite-solid-jobs-data-as-us-nfp-beat-forecasts.md) | +3.5% | -20.5% |
| WTI | 2026-03-20 | [Grain Futures Slid As Oil Paused And The Dollar Firmed - Finimize](https://feedsoft.ai/events/11695-grain-futures-slid-as-oil-paused-and-the-dollar-firmed-finimize.md) | -0.5% | -11.3% |

## Sources

- currencynews.co.uk: https://www.currencynews.co.uk/forecast/20261103-47666_pound-to-dollar-forecast-usd-slides-as-gbp-targets-1-35.html

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