# GBP/USD Price Forecast — GBP/USD (1.3465) BoE Hikes to 4% in 8-1 Vote, Sees 4.9% Inflation Peak — 1.3591 Upside vs 1.3390 Support

> The Bank of England raised Bank Rate by 25 basis points to 4% in an 8-1 vote, its first increase since August 2023. It raised its forecast for UK inflation to a peak of 4.9% in the second quarter of 2027, while GBP/USD traded around 1.3465 after a muted reaction to the widely anticipated decision.

- Date: 2026-11-05 · published 2026-11-06T03:10:28.670Z
- Category: macro · region United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/83258-gbp-usd-price-forecast-gbp-usd-1-3465-boe-hikes-to-4-in-8-1-vote-sees-4-9
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The rate decision and inflation outlook affect sterling and the relative cost of UK imports, though the article identifies no direct feed-supply change. The currency impact on agricultural commodities is therefore indirect and limited.

## Read by commodity

- GBPUSD: neutral

## Sources

- tradingnews.com: https://www.tradingnews.com/news/pound-steadies-at-13465-as-forst-boe-hike-since-2023-meets-a-firmer-dollar

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