Skip to content
Monday, 2 November 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Goldman Forecasts Second Bank of England Rate Hike in February

Goldman Sachs now expects a February hike after a November increase, while market pricing points to a likely but unconfirmed move this week.

By TLA AI Editor4 min read
Goldman Sachs logo branding

Bengaluru, 2 November 2026 – Goldman Sachs now expects the Bank of England to raise its policy rate by 25 basis points on 5 November and make a second quarter-point increase in February 2027. The investment bank cited higher energy prices and stronger economic data; money markets were pricing an approximately 92% probability of a November increase ahead of the scheduled meeting.

For Asian businesses and investors, a change in the expected path of UK interest rates can affect sterling, the cost of pound-denominated borrowing and the relative appeal of UK assets. Those are potential transmission channels, not assured outcomes. The confirmed development is a revision to Goldman Sachs’ forecast; the Bank of England has not yet made either decision, and the 92% figure reflects market pricing rather than certainty.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.