# British Pound cracks 1.3400 as blowout US NFP revive Fed hike bets

> The pound fell nearly 0.60% to 1.3371 against the dollar after US October nonfarm payrolls rose by 165,000, above expectations of 65,000, and unemployment dropped to 4.1%. The data lifted the market-implied chance of a December Federal Reserve rate hike to nearly 77%.

- Date: 2026-11-06 · published 2026-11-06T18:16:05.628Z
- Category: report · region United States and United Kingdom · magnitude medium
- Page: https://feedsoft.ai/events/84499-british-pound-cracks-1-3400-as-blowout-us-nfp-revive-fed-hike-bets
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US employment and increased rate-hike expectations support the dollar and pressure GBP/USD. The report is a meaningful signal for currency markets, though it does not directly affect feed commodity supply or demand.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-10 | [Dollar Surges as a Hot US CPI Report Dampens Fed Rate Cut Expectations](https://feedsoft.ai/events/12560-dollar-surges-as-a-hot-us-cpi-report-dampens-fed-rate-cut-expectations.md) | +2.0% | +1.2% |
| DXY | 2025-08-29 | [GBP/USD consolidates above 1.3450 with muted reaction to US inflation data](https://feedsoft.ai/events/23591-gbp-usd-consolidates-above-1-3450-with-muted-reaction-to-us-inflation-data.md) | -0.1% | +0.1% |
| DXY | 2024-11-26 | [Wheat extends losses on better US crop outlook, firmer dollar - Markets - Business Recorder](https://feedsoft.ai/events/11777-wheat-extends-losses-on-better-us-crop-outlook-firmer-dollar-markets-business.md) | -0.0% | +1.1% |
| DXY | 2020-12-17 | [Corn futures poised to go higher, but not for the reason you think](https://feedsoft.ai/events/10132-corn-futures-poised-to-go-higher-but-not-for-the-reason-you-think.md) | +0.2% | -0.2% |
| DXY | 2019-09-03 | [Shaky start to September as trade fears and shrinking U.S. factory output slam stocks \| Financial Post](https://feedsoft.ai/events/12332-shaky-start-to-september-as-trade-fears-and-shrinking-u-s-factory-output-slam.md) | -0.9% | -0.2% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-cracks-13400-as-blowout-us-nfp-revive-fed-hike-bets-202611061548
- fxstreet.com: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-cracks-13400-as-blowout-us-nfp-revive-fed-hike-bets-202611061552

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