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Sterling fell below $1.335 after a strong US jobs report supported the dollar, which was also benefiting from safe-haven demand. Markets were also weighing the Bank of England’s recent rate increase and its warning that inflation could rise further, particularly if the Iran war continues.
Strong US employment can bolster expectations for tighter Federal Reserve policy and support the dollar, putting downward pressure on GBP/USD. The BoE’s rate outlook provides a countervailing influence on sterling.
tradingeconomics.comNov 6, 2026After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
