# Sterling set for seventh daily rise versus dollar ahead of BoE meeting

> Sterling was on track for a seventh straight daily gain against a weaker dollar, reaching $1.35025 on Wednesday, its highest since September 15. The Bank of England was widely expected to raise rates by 25 basis points, the first hike since August 2023, amid energy-driven inflation pressure.

- Date: 2026-11-05 · published 2026-11-05T09:09:57.450Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/81485-sterling-set-for-seventh-daily-rise-versus-dollar-ahead-of-boe-meeting
- 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 and softer dollar lower the local-currency cost of dollar-priced feed ingredients for UK buyers. Expected hikes and a possibly split BoE vote add uncertainty to sterling and UK financing costs.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-21 | [Dollar, Sterling Fall Ahead Of Fed, BoE Meetings Amid Banking Stress](https://feedsoft.ai/events/37061-dollar-sterling-fall-ahead-of-fed-boe-meetings-amid-banking-stress.md) | -0.6% | -1.4% |
| DXY | 2024-09-19 | [Sterling rises vs dollar after Fed; BoE in focus \| Reuters](https://feedsoft.ai/events/28566-sterling-rises-vs-dollar-after-fed-boe-in-focus-reuters.md) | -0.1% | +2.1% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |
| DXY | 2018-06-20 | [Dollar retreats from 11-month high; sterling rises after BOE](https://feedsoft.ai/events/64786-dollar-retreats-from-11-month-high-sterling-rises-after-boe.md) | -0.3% | -0.3% |
| DXY | 2023-03-30 | [Sterling set for biggest monthly gain vs dollar since November](https://feedsoft.ai/events/37118-sterling-set-for-biggest-monthly-gain-vs-dollar-since-november.md) | -0.4% | -0.3% |

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/international/4001863-sterling-set-for-seventh-daily-rise-versus-dollar-ahead-ofboe-meeting

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