# 1.3500 in sight as British Pound rebounds from session lows following BoE rate hike

> The Bank of England raised its benchmark rate by 25bp to 4% in a unanimous vote, and upgraded its 2027 GDP growth forecast from 1.1% to 1.3%. GBP/USD recovered from session lows near 1.3450 to trade at 1.3480, and some policymakers signaled further hikes.

- Date: 2026-11-05 · published 2026-11-05T18:09:13.366Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/82117-1-3500-in-sight-as-british-pound-rebounds-from-session-lows-following-boe-rate
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of further BoE tightening support sterling and shift currency costs for importers of dollar-priced feed. The direct price impact on feed commodities is minimal.

## Sources

- tmgm-asia.com: https://www.tmgm-asia.com/eng/analysis/market-news/article/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.