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GBP/USD pressured by resilient US data, hawkish Fed

HSBC strategists note GBP/USD is under pressure from resilient US data, a more hawkish Federal Reserve, and narrowing UK-US rate differentials.

Original · FXStreet AI summary of public reporting

Why: Hawkish Fed and narrowing rate differentials → pressure on GBP

GBP
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Prices since publication

At publication → Current
GBP1.32 → 1.324+0.3%
GBP/USD pressured by resilient US data, hawkish Fed | SignalHub