{
  "id": 19081013,
  "title": "British Pound nudges higher above 1.3350 despite strong US jobs data",
  "url": "https://urgent.news/2026/11/09/british-pound-nudges-higher-above-1-3350-despite-strong-us-jobs-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T01:55:28.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-nudges-higher-above-13350-despite-strong-us-jobs-data-202611090155"
  },
  "original_language": "en",
  "account": "The British Pound rallied to just below 1.3370 against the US Dollar on Monday, reversing a two-day decline. The strengthening of GBP can be attributed to the Bank of England's (BoE) hawkish tone, following a 25 basis point (bps) interest rate hike last week.\n\nBoE Governor Andrew Bailey pointed to the war in the Middle East and rising energy prices as the primary reasons for the rate hike, adding that oil price declines would not have changed the decision. Meanwhile, a stronger-than-anticipated US Nonfarm Payrolls report may help cap the USD's decline.\n\nThe US Bureau of Labor Statistics reported that the US economy added 165,000 jobs in October, beating the forecasted 65,000 jobs. The unemployment rate fell to 4.1% from 4.2% in September. This robust employment data has increased the probability of a Federal Reserve rate hike in December to 79.6%, from 72.8% before the US jobs report.\n\nAnalysts at ABN Amro noted that the BoE's decision aligns with its tightening path, with eight committee members supporting the rate hike and one member seeking a 50-bps increase. The central bank forecasts inflation to reach around 5% by mid-2027, keeping the possibility of additional rate hikes if geopolitical tensions persist.\n\nThe BoE's speech signaled a more cautious approach, stating that there is no predetermined upward rate trajectory beyond spring. The Governor emphasized that the Bank Rate could remain on hold or even decrease if economic growth stalls, with company profitability and corporate responses being the key determinants. For GBP, this newfound uncertainty and openness to potential rate cuts if growth falters suggest a mild negative outlook for the currency.",
  "summary": "The GBP/USD pair gains ground to near 1.3370, snapping the two-day losing streak during the early Asian session on Monday. The British Pound (GBP) strengthens against the US Dollar (USD) on a hawkish-than-expected policy stance from the Bank of England (BoE).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "This Is Money",
        "title": "Sky boss Dana Strong: Why Sky and ITV are the best way to keep British television free",
        "url": "https://urgent.news/2026/11/08/sky-boss-dana-strong-why-sky-and-itv-are-the-best-way-to-keep-british",
        "published": "2026-11-08T07:01:06.000Z"
      }
    ]
  },
  "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."
}