# Strong US jobs revive the dollar after the Bank of England hike

> A strong US jobs report lifted the dollar and reversed sterling’s gains following the Bank of England’s 8–1 vote to raise Bank Rate to 4.00%. US inflation data and UK third-quarter GDP were identified as the next economic releases to watch.

- Date: 2026-11-09 · published 2026-11-09T18:09:36.635Z
- Category: macro · region United Kingdom and United States · magnitude low
- Page: https://feedsoft.ai/events/89885-strong-us-jobs-revive-the-dollar-after-the-bank-of-england-hike
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Stronger US data can raise expectations for Federal Reserve rate increases and support the dollar, making dollar-priced feed imports more expensive for buyers using other currencies. The reported FX move could therefore add pressure to import costs, though no direct commodity price move is described.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-22 | [Dollar, yields rise after Powell comments, Bank of England rate hike \| Reuters](https://feedsoft.ai/events/35670-dollar-yields-rise-after-powell-comments-bank-of-england-rate-hike-reuters.md) | +0.5% | -1.0% |
| DXY | 2020-09-17 | [Sterling slips after dollar rebound; focus on Bank of England \| Financial Post](https://feedsoft.ai/events/51374-sterling-slips-after-dollar-rebound-focus-on-bank-of-england-financial-post.md) | +1.6% | +0.6% |
| DXY | 2017-06-01 | [Dollar bounces back after strong U.S. private sector jobs report \| Reuters](https://feedsoft.ai/events/70726-dollar-bounces-back-after-strong-u-s-private-sector-jobs-report-reuters.md) | -0.4% | -1.1% |
| DXY | 2018-01-25 | [Australian dollar dives after Trump says the US dollar will get 'stronger and stronger'](https://feedsoft.ai/events/67226-australian-dollar-dives-after-trump-says-the-us-dollar-will-get-stronger-and.md) | -0.3% | +0.7% |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |

## Sources

- lumonpay.com: https://www.lumonpay.com/corporate/articles/strong-us-jobs-revive-the-dollar-after-the-bank-of-england-hike-with-us-inflation-the-next-big-test/

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