# Sterling today: Pound edges lower as Fed hike bets, hot CPI buoy dollar

> Sterling and the euro edged lower against the dollar as hot US inflation data and hawkish Federal Reserve comments strengthened expectations for a December rate increase. The article reports that markets priced more than a full 25-basis-point hike, while short-dated Treasury yields rose and the yield curve flattened.

- Date: 2026-11-11 · published 2026-11-11T12:12:04.647Z
- Category: macro · region United States and United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/93431-sterling-today-pound-edges-lower-as-fed-hike-bets-hot-cpi-buoy-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Dollar strength can raise the cost of dollar-denominated feed imports for buyers whose currencies weaken against it, while a weaker pound may increase UK import costs. The story presents a macro-driven currency move, not a new change in commodity fundamentals.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-31 | [Pound Sterling slumps against US Dollar as traders pare Fed dovish bets](https://feedsoft.ai/events/24023-pound-sterling-slumps-against-us-dollar-as-traders-pare-fed-dovish-bets.md) | -0.7% | -0.6% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2026-09-30 | [Australian Dollar reverses post-PCE rebound as Fed hike bets shift](https://feedsoft.ai/events/17717-australian-dollar-reverses-post-pce-rebound-as-fed-hike-bets-shift.md) | -0.1% | +0.7% |
| DXY | 2022-01-28 | [Sterling hits year low vs dollar on Fed rate hike fears and UK political risks](https://feedsoft.ai/events/43376-sterling-hits-year-low-vs-dollar-on-fed-rate-hike-fears-and-uk-political-risks.md) | -0.9% | -0.6% |
| DXY | 2018-10-17 | [edges lower as dollar gains after hawkish Fed minutes](https://feedsoft.ai/events/62444-edges-lower-as-dollar-gains-after-hawkish-fed-minutes.md) | +1.1% | +2.3% |
| EURUSD | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |
| EURUSD | 2016-10-11 | [Dollar climbs to 7-month peak on rate hike bets; pound plunges](https://feedsoft.ai/events/5892-dollar-climbs-to-7-month-peak-on-rate-hike-bets-pound-plunges.md) | -1.4% | -1.1% |
| EURUSD | 2026-06-18 | [US dollar rally builds as hawkish Fed meeting stokes rate-hike bets \| The Straits Times](https://feedsoft.ai/events/11517-us-dollar-rally-builds-as-hawkish-fed-meeting-stokes-rate-hike-bets-the-straits.md) | -1.8% | -1.3% |

## Sources

- investing.com: https://www.investing.com/news/forex-news/sterling-today-pound-edges-lower-as-fed-hike-bets-hot-cpi-buoy-dollar-5018102

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.