GBP slides as hot US CPI boosts Fed hike bets
GBP/USD falls 0.52% after higher-than-expected US inflation data reinforce expectations of further Federal Reserve interest rate hikes, driving fresh USD buying and a sharp rebound in US Treasury yields.
Original · FXStreet AI summary of public reporting
Why: Hot US CPI lifts Fed hike odds → stronger USD pressures GBP
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At publication → CurrentGBP1.32 → 1.315−0.4%
SP5007,774 → 7,721−0.7%