# British Pound subdued despite BoE hike as US jobs, Fed hawks dominate

> The Bank of England raised its Bank Rate to 4% in an 8-1 vote, with Catherine Mann backing a 50bp hike, and lifted its Q1 2027 inflation forecast to 4.4%. US initial jobless claims fell to 189K, below forecasts, and Fed officials favored gradual hikes, leaving GBP/USD near 1.3467.

- Date: 2026-11-05 · published 2026-11-05T18:09:13.010Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/82113-british-pound-subdued-despite-boe-hike-as-us-jobs-fed-hawks-dominate
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK and US rate expectations shape currency flows that affect the cost of imported feed ingredients priced in dollars and sterling. The effect on grain and oilseed prices is indirect and small.

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-subdued-despite-boe-hike-as-us-jobs-fed-hawks-dominate-202611051527

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