The Story
News Summary
- GBP/USD dropped toward $1.35 as strong US PPI data raised the probability of a Federal Reserve rate hike above 70%, boosting the dollar.
- Meanwhile, surging energy prices and Middle East tensions increased UK economic strain, even as BoE Governor Bailey pushed back against aggressive market rate-hike expectations.
Explore GBPUSD price history & advisor snapshot
These are separate market snapshots and may predate this story. Check the data period, generation time and expiry before using them in your research.
Stored market data
GBPUSD price history
1.35
+1.50% over the displayed period
Advisor Snapshot
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