# Pound-to-Euro Forecast: Bank Of England Hike Pushes GBP Higher

> The Bank of England raised its base rate to 4%, its first increase in more than three years, and sterling strengthened against the euro. The article cites GBP/EUR at 1.200944, GBP/USD at 1.346816 and EUR/USD at 1.121465, with UK services PMI revised down to 52.8 and eurozone inflation rising to 4%.

- Date: 2026-11-05 · published 2026-11-05T18:09:13.181Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/82115-pound-to-euro-forecast-bank-of-england-hike-pushes-gbp-higher
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves between sterling, the euro and the dollar change the relative cost of imported feed ingredients for UK and European buyers. The impact on commodity prices is limited.

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47676/2026-11-05-pound-to-euro-forecast-bank-of-england-hike-pushes-gbp-higher.html

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