EL7.AI
ForexMedium•10 November 2026•
1 min read

GBP Reverses Gains Against USD Following Hawkish Remarks from Fed's Waller

Key Facts

1The British Pound turned negative against the US Dollar, trading around 1.3430 during Tuesday's European session.
2Fed Governor Christopher Waller warned of the possibility of a bigger interest rate hike.

The British Pound turned negative against the US Dollar, trading around 1.3430 during Tuesday's European session on November 10, 2026. FXStreet reported that the reversal followed remarks from Federal Reserve Governor Christopher Waller, who warned of the possibility of a bigger interest rate hike.

Waller's hawkish commentary pressured the GBP/USD pair, erasing earlier intraday gains. This price action follows recent US data including the Michigan Consumer Sentiment index, which reached 51 on November 6, 2026, exceeding previous levels.

Market attention now shifts to the release of US inflation data scheduled for later today, November 10, 2026, including the annual Inflation Rate and CPI figures. Additional speeches from Fed officials Logan, Bowman, and Schmid are also expected throughout the session.

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