# Pound Sterling Slips As Construction Slump Raises UK Growth Risks

> The pound traded at about $1.3465 and €1.1987 on Thursday, down roughly 0.1%, ahead of the Bank of England decision. Pantheon Macroeconomics warned that a sharper construction downturn threatens fourth-quarter UK growth, after the October construction PMI fell to 43.6 from 46.1.

- Date: 2026-11-05 · published 2026-11-05T12:08:50.764Z
- Category: macro · region GB · magnitude low
- Page: https://feedsoft.ai/events/81638-pound-sterling-slips-as-construction-slump-raises-uk-growth-risks
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weak UK construction and growth risks could temper the BoE's tightening path, which weighs on sterling. For feed buyers, the effect runs through currency conversion rather than direct demand for feed ingredients.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47687/2026-11-05-pound-sterling-slips-as-construction-slump-raises-uk-growth-risks.html

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