{"id":120441,"date":"2025-10-30T20:21:55","date_gmt":"2025-10-30T16:21:55","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120441"},"modified":"2025-10-30T20:22:38","modified_gmt":"2025-10-30T16:22:38","slug":"pound-plunges-as-hawkish-fed-rate-cut-boosts-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/pound-plunges-as-hawkish-fed-rate-cut-boosts-dollar\/10\/30\/market-updates\/","title":{"rendered":"Pound Plunges as &#8216;Hawkish&#8217; Fed Rate Cut Boosts Dollar"},"content":{"rendered":"The British Pound (GBP) has extended its painful slide for a third consecutive day against the US Dollar (USD), dropping over 0.25% and breaching the 1.3200 support level to trade at 1.3160. This sharp decline is primarily driven by the Federal Reserve&#8217;s (Fed) recent interest rate decision, which analysts have dubbed a &#8216;hawkish cut.&#8217; <br \/><br \/>Although the Fed reduced its key rate to $3.75\\%-4\\%$, Chairman Jerome Powell poured cold water on expectations for further easing, stating that a December rate cut is &#8220;far from a sure thing&#8221; given that inflation risks remain tilted to the upside. Further solidifying the US Dollar&#8217;s strength, the Fed announced the end of its balance sheet runoff (Quantitative Easing) effective December 1st. <br \/><br \/>Simultaneously, the Sterling is wrestling with domestic issues ahead of next week&#8217;s Bank of England (BoE) meeting and the UK budget. UK Chancellor Rachel Reeves&#8217; potential plans to adjust the windfall tax on the oil and gas sector and a possible 2% rise in income tax have fueled political and fiscal uncertainty, adding considerable pressure on the Pound and accelerating the GBP\/USD&#8217;s retreat.","protected":false},"excerpt":{"rendered":"<p>The British Pound (GBP) has extended its painful slide for a third consecutive day against the US Dollar (USD), dropping over 0.25% and breaching the 1.3200 support level to trade at 1.3160. This sharp decline is primarily driven by the Federal Reserve&#8217;s (Fed) recent interest rate decision, which analysts have dubbed a &#8216;hawkish cut.&#8217; Although &hellip;<\/p>\n","protected":false},"author":13,"featured_media":95103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-120441","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120441"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120441\/revisions"}],"predecessor-version":[{"id":120445,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120441\/revisions\/120445"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/95103"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}