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Reuters

Sterling slips to near three-month low at $1.3222 as dollar reprices after Fed shift

AI Market Summary
Sterling weakened to a near three-month low versus the dollar as investors repriced USD higher following the Fed's hawkish shift. The move underscores widening rate and growth uncertainty: markets price roughly 100 bps of BoE hikes over 12 months, but some banks argue this is excessive amid cooling UK activity and potential real-income pressure if energy stays elevated. Near-term GBP remains sensitive to Fed and BoE guidance.
Impact level
● Medium
Affected assets
NCFXGBP2USD/USDT-0.26%
AI Insight · NCFXGBP2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Sterling fell to a near three-month low of $1.3222 on Thursday as the dollar was repriced after a hawkish shift by the Federal Reserve. The pound is down about 1.25% since Monday and also edged lower against the euro. Money markets are pricing in roughly 100 basis points of Bank of England rate hikes over the next 12 months, with traders seeing about a 75% chance of a move in November.
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