Heads up: UK September GDP in focus but will feeble growth really stop the BOE from hiking again?
The estimates are pointing to a flat reading following the economy expanded by just 0.1% in August. UK headline annual inflation advanced to 3.5% in September while core annual inflation climbed to 2.8%, with services inflation proving persistent at 3.7%.
In this article
In today's British pound news, the estimates are pointing to a flat reading following the economy expanded by just 0.1% in August, according to investingLive. UK headline annual inflation advanced to 3.5% in September while core annual inflation climbed to 2.8%, with services inflation proving persistent at 3.7%.
Key points
- And as things stand, the BOE is also projecting headline inflation to reach roughly 5% by the middle of next year.
- Markets are right now pricing in roughly 71% odds of another 25 bps tightening move next month.
- That being stated, the bigger picture is not quite as soft as the latest monthly numbers might suggest.
British pound: the details
That being stated, the bigger picture is not quite as soft as the latest monthly numbers might suggest. Markets are right now pricing in roughly 71% odds of another 25 bps tightening move next month, following the November move to bring the bank rate to 4.25%. And as things stand, the BOE is also projecting headline inflation to reach roughly 5% by the middle of next year.
Why traders are watching British pound
Bank of England expectations, UK inflation and gilt yields are the main drivers of sterling. Shifts in the rate outlook can move GBP/USD and EUR/GBP sharply.
Political and fiscal news in the UK also feeds into gilt markets, which in turn affects the pound and UK-listed stocks.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-12 06:11 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 73,654.00 | -0.28% | 74,811.45 | 73,390.13 |
| Ethereum (ETH) | 2,049.87 | -0.88% | 2,103.78 | 2,035.83 |
On the currency side, the latest ECB daily reference rates (2026-11-11) show EUR/USD 1.1127, GBP/USD 1.3307, AUD/USD 0.6859, NZD/USD 0.5583, USD/JPY 159.23, USD/CHF 0.8299, USD/CAD 1.4235, USD/CNY 6.6707. These are reference fixes, not live quotes.
What to watch next for British pound
Traders will track UK inflation, wage and GDP data, comments from Bank of England officials and moves in gilt yields.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
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FAQ
What is the latest British pound news?
The estimates are pointing to a flat reading following the economy expanded by just 0.1% in August.
What moves the British pound?
Sterling mainly reacts to Bank of England rate expectations, UK inflation and growth data, and changes in UK government bond yields.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
