GBP/USD under pressure near 1.3525 (−0.17%) as hot PPI keeps a September Fed hike in play. FedWatch nearly 70% chance of a 25 bp increase; Brent above $100.
Sterling stayed under pressure on Thursday as hot US producer prices kept a September Fed hike in play.
GBP/USD trades at 1.3525, down 0.17%.
CME FedWatch Tool (this piece): nearly a 70% chance of a 25 bp increase. US PPI 0.4% MoM in line with estimates; 5.4% annually vs 5.3% projected; core 0.2% monthly vs 0.3% estimated; 4.6% YoY in line with projections.
Brent surpassing $100 per barrel; WTI nearing that threshold.
Follows GBP/USD early EU ~1.3555.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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