# Pound Sterling Price News and Forecast: GBP hits session highs at 1.3420 amid broadbased US Dollar weakness

> The pound rose to around $1.3420, recovering much of its losses from the previous two days as broad US dollar weakness and improved risk sentiment supported sterling. The article also cites expectations of a Bank of England rate increase and Middle East energy-price risks as factors in the currency outlook.

- Date: 2026-11-09 · published 2026-11-09T12:10:39.054Z
- Category: macro · region UK and US · magnitude low
- Page: https://feedsoft.ai/events/89354-pound-sterling-price-news-and-forecast-gbp-hits-session-highs-at-1-3420-amid
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and expectations of tighter UK monetary policy support sterling against the dollar. The currency move can affect the local cost of imported feed and other commodities, but the article identifies no direct change in feed supply or demand.

## Read by commodity

- DXY: bearish ▼
- BRENT: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-11-29 | [Rupee closes at 69.85 a dollar after 3 months of weak run in the 70s \| News on Markets - Business Standard](https://feedsoft.ai/events/62319-rupee-closes-at-69-85-a-dollar-after-3-months-of-weak-run-in-the-70s-news-on.md) | +5.8% | -11.2% |
| BRENT | 2024-10-16 | [Oil prices hold at 2-week low on lower oil demand growth forecasts](https://feedsoft.ai/events/28030-oil-prices-hold-at-2-week-low-on-lower-oil-demand-growth-forecasts.md) | +2.5% | -2.4% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2023-05-18 | [Oil prices settle down 1%; strong US data boosts dollar \| Reuters](https://feedsoft.ai/events/36137-oil-prices-settle-down-1-strong-us-data-boosts-dollar-reuters.md) | +1.6% | -1.6% |
| BRENT | 2017-11-29 | [Rupee rises for 3rd day, hits new 2-month high ahead of GDP data \| News on Markets - Business Standard](https://feedsoft.ai/events/68258-rupee-rises-for-3rd-day-hits-new-2-month-high-ahead-of-gdp-data-news-on-markets.md) | -0.7% | +4.2% |
| DXY | 2026-01-28 | [Pound Near $1.38 Amid Broad Dollar Weakness](https://feedsoft.ai/events/21304-pound-near-1-38-amid-broad-dollar-weakness.md) | +0.4% | +0.3% |
| DXY | 2016-11-02 | [Sterling hits 2-week high against broadly weaker dollar](https://feedsoft.ai/events/74072-sterling-hits-2-week-high-against-broadly-weaker-dollar.md) | -0.6% | +3.2% |
| DXY | 2026-01-28 | [Korean won rises to 3-month high amid broad weakness of U.S. dollar \| Yonhap News Agency](https://feedsoft.ai/events/21272-korean-won-rises-to-3-month-high-amid-broad-weakness-of-u-s-dollar-yonhap-news.md) | +0.4% | +0.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-hits-session-highs-at-13420-amid-broadbased-us-dollar-weakness-202611091100
- fxstreet.com: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-hits-session-highs-at-13420-amid-broadbased-us-dollar-weakness-202611091143

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