# The Pound loses its BoE hike bounce before Friday's US payrolls

> The Bank of England raised its policy rate to 4%, with all nine policymakers voting for an increase, while Governor Andrew Bailey cautioned that the move did not signal a sequence of hikes. Sterling retreated from near 1.3500, and traders looked ahead to US payrolls data forecast at 65,000 jobs.

- Date: 2026-11-05 · published 2026-11-06T03:10:28.547Z
- Category: macro · region United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/83257-the-pound-loses-its-boe-hike-bounce-before-friday-s-us-payrolls
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The UK rate decision and expectations for US rates shifted GBP/USD, but neither directly changes agricultural supply or demand. The currency move may affect UK import costs at the margin.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/the-pound-loses-its-boe-hike-bounce-before-fridays-us-payrolls-202611052233

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