Pound drops under 1.34 as hot US CPI lifts dollar: Nov 11, 2026
The pound has dropped back under 1.34 and is holding near a one-week low after a hotter-than-expected US October inflation report. The data lifted the dollar as Fed rate-hike bets heated up, including a warning from Fed's Waller about a bigger hike, while hopes for Iran diplomacy briefly capped the dollar's rally.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
Headlines (11)
First seen on November 11
- British Pound edges higher as hopes for Iran diplomacy cap hot US CPI-inspired USD rallyFXStreet
- British Pound hangs near one-week low, eyes 1.3300 as Fed hike bets lift USDFXStreet
- Sterling today: Pound edges lower as Fed hike bets, hot CPI buoy dollarInvesting.com
- Dollar rises to highest since May 2025 as Fed rate-hike bets heat upcls.cn
Carried over from earlier days
- British Pound reclaims 1.3400 as Iran war fears ease ahead of US CPIFXStreet
- British Pound steadies below 1.3450 ahead of US CPI dataFXStreet
- British Pound turns upside down against USD as Fed’s Waller warns of bigger rate hikeFXStreet
- US stocks slide, yields jump, USD higher after hotter-than-expected October CPIInvestingLive
- US Oct CPI up 0.4% m/m vs 0.3% expected, 10-year Treasury yield rises to 5.012%flash.jin10.com
- Pound, Swiss franc, Aussie, Norwegian krone, Brazilian real fall at least 0.7%wallstreetcn.com
- Pound drops back under 1.34 after a hot US inflation reportFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 11 | ||
| Bank Holiday | USD | |
| 30-y Bond Auction | GBP | |
| Thursday, November 12 | ||
| RICS House Price Balance | -33% | GBP |
| Manufacturing Production m/m | -0.5% | GBP |
| Goods Trade Balance | -19.2B | GBP |
| Industrial Production m/m | -0.4% | GBP |
| GDP m/m | 0.0% | GBP |
| Prelim Business Investment q/q | 0.4% | GBP |