British Pound falls below 1.34 as hot US CPI puts 50-bps Fed hike in play
The Pound Sterling (GBP) dives over 0.40% against the US Dollar (USD) on Tuesday as hot US inflation suggests the Federal Reserve’s (Fed) job is not done.
British Pound falls below 1.34 as hot US CPI puts 50-bps Fed hike in play
Markets Brief gilt-and-policy note (2026-11-10): The Pound Sterling (GBP) dives over 0.40% against the US Dollar (USD) on Tuesday as hot US inflation suggests the Federal Reserve’s (Fed) job is not done. Primary source: original at FXStreet (fxstreet.com).