GBP Falls Below 1.33 Against USD Following Hot US Inflation Data

Key Facts

The GBP/USD pair dropped 0.55% to trade below the 1.3300 psychological level on Wednesday, November 11, 2026. FXStreet reported that the British Pound was pressured by hot US inflation data released on Tuesday, November 10, 2026, alongside hawkish rhetoric from Federal Reserve officials.

Economic data released on November 10, 2026, showed the US Inflation Rate (MoM) rose by 0.4%, exceeding the 0.3% forecast. Additionally, the Super Core CPI (MoM) recorded a 0.44% increase on the same date, strengthening the US Dollar against major peers.

Markets are awaiting the release of US Initial Jobless Claims on November 12, 2026, with a forecast of 195,000. Several Federal Reserve officials, including Hammack, Barr, Goolsbee, Daly, and Williams, are also scheduled to speak on the same day, which may provide further cues on monetary policy.