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Nov 5, 2026
British Pound subdued despite BoE hike as US jobs, Fed hawks dominate
The Pound Sterling erases its previous gains against the US Dollar even though the Bank of England (BoE) raised rates to 4%, narrowing the differential with the Fed, but solid US data and hawkish comments by Fed officials weighed on the UK currency. The GBP/USD trades at 1.3467, virtually unchanged.
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Nov 5, 2026
Fed’s Barkin backs gradual rate hikes as inflation stays too high
On Thursday, Richmond Federal Reserve (Fed) President Thomas Barkin said inflation is the most important risk for the Fed right now, adding that the policy path is straightforward and that a gradual pace of rate increases “makes sense.”
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