GBP/USD touched a five-week high on Thursday, trading at $1.3407 after peaking at $1.3418, as expectations grew that the Bank of England will raise interest rates at its November meeting. Stronger-than-expected employment and CPI data supported that view, while falling US Treasury yields weighed on the dollar. However, September retail sales fell 0.4%, worse than the 0.1% decline economists had expected, raising concerns that household spending is under strain. The article says weak October PMI readings could limit Sterling's recovery, with $1.3400 seen as an important near-term reference level.
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pound sterlingexchange ratesinterest ratesUK
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Related tickers and likely impact
GBP/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.34003 |
| Change that session | +0.04% |
DXY
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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