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via finance.yahoo.comMarkets

Sterling today: pound dips on hawkish Fed despite 0.7% GDP growth

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Sterling traded slightly lower on Thursday while the euro edged higher, as hawkish Federal Reserve rhetoric and hotter U.S. inflation kept the dollar near multi-month highs, outweighing data showing UK third-quarter GDP rose 0.7%. Our AI stock portfolio is…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA stronger dollar on hawkish Fed signals pressures major currencies, with sterling lower.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sterling was down 0.05% at $1.3270.
  2. 02The euro gained 0.03% to $1.1093.
  3. 03The dollar index has returned to levels last seen around April 2025's Liberation Day announcement.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.1086-0.03%today -0.03%Neutral US Dollar IndexFX:DXYFX pair102.8480+0.02%today +0.60%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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