# Two Banks Agree On Where The Pound Ends 2026. Their Forecasts Then Diverge

> Sterling ended Friday near €1.1986 after the Bank of England's decision to raise rates to 4%, while Crédit Agricole and UniCredit forecast a pullback toward €1.163 in the final quarter of 2026. Crédit Agricole said further pound gains depend on stronger UK data bringing forward rate increases, noting that markets had already priced in much of the expected tightening.

- Date: 2026-11-08 · published 2026-11-08T21:09:28.526Z
- Category: macro · region United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/87998-two-banks-agree-on-where-the-pound-ends-2026-their-forecasts-then-diverge
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound against the euro could raise the UK cost of imports priced in euros, though the story identifies no specific feed trade or supply change. The forecasts are currency outlooks rather than a direct driver of agricultural commodity prices.

## Read by commodity

- EURUSD: neutral
- GBPUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | -0.4% | +0.4% |
| EURUSD | 2024-07-26 | [How long can the Central Banks’ divergence last \| Amundi Research Center](https://feedsoft.ai/events/29488-how-long-can-the-central-banks-divergence-last-amundi-research-center.md) | -0.7% | +2.3% |
| EURUSD | 2026-09-30 | [Euro heads for biggest monthly loss of 2026: What are the reasons?](https://feedsoft.ai/events/17695-euro-heads-for-biggest-monthly-loss-of-2026-what-are-the-reasons.md) | -0.7% | -1.7% |
| EURUSD | 2021-12-07 | [Forex: where next for the Euro as inflation surges to 4.9%? \| IG International](https://feedsoft.ai/events/43833-forex-where-next-for-the-euro-as-inflation-surges-to-4-9-ig-international.md) | +0.1% | +0.5% |
| EURUSD | 2024-09-12 | [European Central Bank cuts interest rates again and lowers growth forecasts](https://feedsoft.ai/events/28530-european-central-bank-cuts-interest-rates-again-and-lowers-growth-forecasts.md) | +0.9% | -0.6% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47708/2026-11-08-two-banks-agree-on-where-the-pound-ends-2026-their-forecasts-then-diverge.html

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