GBP surges as hot US PPI fails to revive Fed hike bets
The Pound Sterling registers solid gains against the US Dollar on Thursday. Latest US PPI data is nearly cementing the case for a December Fed move rather than reviving October hike speculation.
Original · FXStreet AI summary of public reporting
Why: Hot US PPI fails to revive Oct Fed hike bets → supports GBP
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At publication → CurrentGBP1.326 → 1.328+0.2%