Sterling faces resistance at 1.3500 against the US Dollar as markets brace for the Bank of England's upcoming interest rate decision at 12:00 GMT.
The British Pound is under pressure ahead of the Bank of England’s policy decision at 12:00 GMT on 2026-11-05, struggling to extend its rally above 1.3500 against the US Dollar. The uncertainty around the decision weighs on the currency, making a near-term pullback more likely. However, a hawkish outcome could reverse the pressure.
The decision is scheduled for 12:00 GMT on 2026-11-05.
The article mentions an attempt to extend the rally above 1.3500 against the US Dollar.
The GBP/USD pair is struggling to extend its rally above 1.3500 as the British Pound faces pressure ahead of the BoE decision at 12:00 GMT on 2026-11-05. The pair is likely to remain volatile around the decision, with a near-term downside bias if the BoE disappoints. A hawkish surprise could push it higher.
The article mentions an attempt to extend the rally above 1.3500 against the US Dollar.
The Bank of England’s monetary policy decision at 12:00 GMT on 2026-11-05.
The British Pound faces renewed selling pressure as it struggles to sustain a rally above the 1.3500 level against the US Dollar. Investors are exercising caution ahead of the Bank of England's monetary policy announcement scheduled for 12:00 GMT today, which remains the primary catalyst for near-term volatility in the GBP/USD pair.
The Bank of England is set to announce its monetary policy decision at 12:00 GMT on November 5, 2026.
The British Pound is currently struggling to extend its rally above the 1.3500 level against the US Dollar.