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British Pound falls below 1.34 as hot US CPI puts 50-bps Fed hike in play

Trade Hub UK regulation desk (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).

By FXStreet

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.

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  2. Gold drops toward $4,050 as US CPI fuels speculation of larger Fed rate hike
  3. Australian Dollar slips toward 0.6900 as Fed rate hike expectations rise
  4. USD/INR: Break below 94.00 on flows – Societe Generale
  5. 25 basis points is the unanimous call for December Fed hike – Reuters poll

Source: FXStreet