# British Pound bounces up from session lows as BoE raises rates and signals further hikes

> The Bank of England raised its benchmark rate by 25 basis points to 4% in a unanimous vote, its first hike in over three years. Some policymakers said one hike would not be enough, and GBP/USD bounced to about 1.3480 from session lows near 1.3450.

- Date: 2026-11-05 · published 2026-11-05T15:09:37.299Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/81945-british-pound-bounces-up-from-session-lows-as-boe-raises-rates-and-signals
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Tighter UK policy supports sterling and interest-rate differentials, but it has little direct effect on feed grain or oilseed prices. The main link to feed markets is through the dollar and energy-driven inflation.

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-bounces-up-from-session-lows-and-nears-13500-after-boe-rate-hike-202611051232

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