Hawkish FOMC Minutes Sink GBP/USD Even as BoE Hike Bets Climb

GBP/USD is falling after FOMC minutes showed a unanimous rate hike and majority support for another, lifting the U.S. dollar to an 18-month high. Fiona Cincotta, StoneX Senior Market Analyst, explains how Federal Reserve policy, U.S. Treasury yields and Bank of England rate expectations are driving GBP/USD. Markets price around a 70% chance of a 25-basis point Bank of England hike in November, even as the UK labor market weakens. U.S. Treasury yields are climbing on inflation, fiscal worries and heavy AI borrowing, with the 30-year yield at a 24-year high. GBP/USD trades below its 50 and 200 EMA after a death cross. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share 00:00 - GBP/USD Slips on Fed Minutes 00:35 - Year-End Fed Hike in Play 01:06 - Treasury Yields Flash Warning 02:05 - AI Borrowers Rival Sovereigns 02:57 - Bank of England Hike Odds Rise 03:50 - GBP/USD Death Cross Takes Hold Like and subscribe for more financial market insights. #StoneX #GBPUSD #FionaCincotta #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social