{
  "id": 9641473,
  "title": "Pound Sterling slides again as Fed speakers go full hawkish",
  "url": "https://urgent.news/2026/09/24/pound-sterling-slides-again-as-fed-speakers-go-full-hawkish",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T22:09:42.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/pound-sterling-slides-again-as-fed-speakers-line-up-behind-another-hike-202609242209"
  },
  "original_language": "en",
  "account": "The pound sterling experienced a fourth consecutive decline on Thursday as Federal Reserve speakers adopted a more hawkish stance. GBP/USD traded above 1.3200, its lowest level in nearly three months. The Bank of England's deputy governors, Lombardelli and Breeden, indicated they are closer to voting for a rate hike, which typically strengthens Sterling. However, the U.S. Federal Reserve's upcoming decisions may precede the Bank of England's, currently scheduled for November 5. New York Fed President Williams and Philadelphia Fed President Paulson suggested another rate increase before the end of the year, citing inflation concerns. Despite a slightly better-than-expected U.S. jobless claims figure, the Fed's intention to tighten monetary policy remains clear. The Bank of England held its Bank Rate at 3.75% in September, with only three votes in favor of a 4% rate. Deputy Governor Lombardelli cited persistent high energy prices and potential wage adjustments, while Breeden echoed similar concerns. External member Dhingra was more cautious, noting Britain's weaker jobs market and less pronounced price increases compared to 2022. The BoE's hike case hinges on energy costs, which can change rapidly. The U.S. calendar features multiple economic indicators, including durable goods orders, the University of Michigan sentiment survey, PCE price index, and Nonfarm Payrolls on October 2. The BoE's next opportunity to respond would be five weeks later. Short-term support for GBP/USD is at 1.3200, with the June low near 1.3150 as potential further support. Market sentiment leans bearish below 1.3250, with a daily Stochastic Relative Strength Index (Stoch RSI) of around 11.",
  "summary": "Bank of England (BoE) Deputy Governors Lombardelli and Breeden said on Thursday that they are moving closer to voting for a rate hike, and the Pound fell for a fourth straight session regardless. GBP/USD is trading just above 1.3200, its lowest in nearly three months.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}