CME Group Inc.
10/02/2026 | Press release | Distributed by Public on 10/02/2026 15:51
British Pound futures rise on Bank of England rate expectations.
Bob Iaccino analyzes the recent performance of British Pound futures, which formed an inside range day to finish higher against the U.S. dollar. Despite U.K. fiscal concerns and the 30-year gilt yield climbing to its highest level since 1998 ahead of the October 28 autumn budget, expectations for further Bank of England tightening continue to support the currency. Traders now look ahead to upcoming speeches from Monetary Policy Committee member Catherine Mann and Bank of England Governor Andrew Bailey for signals on a potential November rate hike.
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