{
  "id": 17144806,
  "title": "A split BoE votes on November 5 with the Pound near 1.34",
  "url": "https://urgent.news/2026/10/29/a-split-boe-votes-on-november-5-with-the-pound-near-1-34",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T23:02:39.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/a-split-boe-votes-on-november-5-with-the-pound-near-134-202610292302"
  },
  "original_language": "en",
  "account": "The Bank of England (BoE) held its meeting on November 5, with the British Pound nearing a value of 1.34. Three out of the nine policymakers voted in favor of a rate hike in September. The Fed, ECB, and the Bank of Japan have all increased their rates in 2026. The BoE's Bank Rate remains at 3.75%, aligning with the lower bound of the Federal Reserve's 3.75%-4.00% range. A Citi and YouGov survey showed Britons' expected inflation for the coming year at 4.2%, slightly lower than the previous 4.5%. GBP/USD slightly changed in response to this data. With a long-term expectation of 4.0%, a quarter-point hike on November 5 would shift the Bank Rate. The BoE's decision and quarterly Monetary Policy Report are scheduled for 12:00 GMT on November 5, followed by BoE Governor Bailey's speech at 12:30 GMT. A majority vote for a hike would create a new rate gap for the UK in GBP/USD for the first time since December 2025.",
  "summary": "The Euro dropped to a new low on the European Central Bank's (ECB) hold, and the Pound didn't, so GBP/USD is up more than EUR/USD. GBP/USD's session low, just under 1.3300, came before the ECB's decision, and it has climbed since ECB President Lagarde's press conference began.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}