{
  "id": 9584326,
  "title": "British Pound four-day slide deepens as US yields fuel US Dollar rally",
  "url": "https://urgent.news/2026/09/24/british-pound-four-day-slide-deepens-as-us-yields-fuel-us-dollar-rally",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T16:39:19.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-four-day-slide-deepens-as-us-yields-fuel-us-dollar-rally-202609241639"
  },
  "original_language": "en",
  "account": "The British Pound experienced a four-day decline against the US Dollar, slipping 0.21% as Federal Reserve officials maintained a hawkish stance. Meanwhile, US job data underscored the strength of the labor market. The GBP/USD rate reached 1.3213, peaking at 1.3256 during the day. Sentiment was gloomy due to rising global bond yields, negatively impacting stock markets. The US 10-year Treasury yield increased by 5 basis points to 5.162%, bolstering the Greenback. The US Dollar Index (DXY), reflecting the dollar's performance against six currencies, rose 0.19% to 101.30. Investors anticipated further tightening by central banks, particularly the Federal Reserve, which pushed government bond yields upward. Amid this turmoil, Iran's Major General Safavi stated that the Strait of Hormuz wouldn't reopen as it previously had, citing a new agreement with Oman to manage the strait. Federal Reserve officials, including John Williams and Anna Paulson, expressed a likelihood of additional rate hikes this year to combat inflation. In the UK, business activity slowed in September, while inflation pressures mounted, prompting the Bank of England to stay on hold in its September meeting but suggesting a potential rate increase. Looking ahead, GfK Consumer Confidence for September and US Durable Goods Orders and Consumer Sentiment would provide further insights into the economy. GBP/USD traded at 1.3232, exhibiting a bearish bias as the price stayed below key moving averages and resistance levels. Technical indicators indicated an oversold condition, suggesting continued downside momentum but not signaling a recovery. The next technical hurdles include the 1.3331-1.3512 support range and the 1.3446 descending trend line. Gold dropped for two days, falling below $4,300 amid expectations of a Trump-Xi meeting, with traders awaiting updates on rare earths, technology restrictions, and the extension of the current US-China truce.",
  "summary": "The Pound Sterling drops for the fourth straight trading day versus the US Dollar, down 0.21% as Federal Reserve officials remain hawkish, while US jobs data shows the strength of the labor market. The GBP/USD trades at 1.3213 after hitting a daily high of 1.3256.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "British Pound weakens to near 1.3300 as UK fiscal deficit exceeds market expectations",
        "url": "https://urgent.news/2026/09/23/british-pound-weakens-to-near-1-3300-as-uk-fiscal-deficit-exceeds",
        "published": "2026-09-23T06:06:44.000Z"
      }
    ]
  },
  "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."
}