# Why is the British Pound rising despite strong US jobs data?

> GBP/USD rose to around 1.3370 after the Bank of England raised its benchmark rate to 4% and markets priced in further increases. US October payrolls rose by 165,000, well above expectations, while unemployment fell to 4.1%.

- Date: 2026-11-09 · published 2026-11-09T03:10:34.340Z
- Category: macro · region United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/88557-why-is-the-british-pound-rising-despite-strong-us-jobs-data
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of more BoE rate hikes support sterling relative to the dollar, while strong US jobs data may limit the pair’s gains. The article points to a mildly bullish near-term implication for GBP/USD.

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-nudges-higher-above-13350-despite-strong-us-jobs-data-202611090155

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