{
  "id": 7261439,
  "title": "British Pound weakens to near 1.3500 on Fed hike bets",
  "url": "https://urgent.news/2026/09/14/british-pound-weakens-to-near-1-3500-on-fed-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T06:12:03.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-weakens-to-near-13500-on-fed-hike-bets-202609140612"
  },
  "original_language": "en",
  "account": "The British Pound (GBP) weakened to near 1.3500 against the US Dollar (USD) during the early European trading session on Monday. This decline occurred as traders speculated about potential rate hikes from the Federal Reserve (Fed) later in the week. The focus for the following week will be on the Bank of England (BoE) interest rate decision. After data released on Friday showed an acceleration in US consumer price inflation in August, traders increased their bets for a Fed rate hike. The CME FedWatch tool indicated an 86.7% chance of a quarter-point rate hike at the Fed's September meeting, a significant increase from 72% before the release of US PPI data. Fed Chair Kevin Warsh's upcoming press conference is expected to provide further insight into the US interest rate trajectory. Analysts from Commonwealth Bank of Australia noted that Warsh's tough rhetoric must be backed by actual policy action to restore confidence in controlling inflation. The USD might face a slight weakening if the FOMC hikes rates, although Fed Chair Warsh downplayed the chances of subsequent hikes in his press conference.",
  "summary": "The GBP/USD pair declines to near 1.3505 during the early European session on Monday. The US Dollar (USD) strengthens against the British Pound (GBP) as traders pondered possible rate hikes from the Federal Reserve (Fed) later on Wednesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "British Pound consolidates above 1.3500 vs USD ahead of this week's UK data, Fed, BoE",
        "url": "https://urgent.news/2026/09/14/british-pound-consolidates-above-1-3500-vs-usd-ahead-of-this-weeks-uk",
        "published": "2026-09-14T01:19:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}