# British Pound: Recovery targets upper 1.36 area against US Dollar – Scotiabank

> The pound rose about 0.4% against the US dollar on Tuesday, with UK PMI revisions having little impact. Scotiabank said a quarter-point BoE hike was all but fully priced, and it sees the recovery from mid-October lows targeting the upper 1.36 area in coming weeks.

- Date: 2026-11-04 · published 2026-11-05T03:09:58.364Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/81030-british-pound-recovery-targets-upper-1-36-area-against-us-dollar-scotiabank
- 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 alongside a softer dollar tends to support dollar-priced commodity buyers outside the US, while the expected BoE tightening points to higher UK borrowing costs. The effect on grain and feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Sources

- tmgm.com: https://www.tmgm.com/en/analysis/market-news/article/british-pound-recovery-targets-upper-136-area-against-us-dollar-scotiabank-202611041935

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