Pound for Pound, the Dollar Wins the Brent Crude Shock

The pound against the dollar is under pressure as hawkish Federal Reserve minutes and a Brent crude breakout keep the U.S. dollar supported. Fawad Razaqzada, StoneX Media Market Analyst, explains what is driving GBP/USD lower and why oil adds to the pressure on sterling. Federal Reserve minutes showed most policymakers back another rate increase by year end, with officials concerned AI investment could add to inflation. Brent crude has pushed higher on Strait of Hormuz disruption, and rate expectations driven by an inflation shock are not necessarily supportive for the British pound. 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_fawad_razaqzada&utm_content=share 00:00 - Pound Slides as Dollar Firms 00:15 - Fed Minutes Flag AI Inflation 00:41 - The Catch for Dollar Bulls 01:04 - Brent Breaks Higher on Hormuz 01:32 - Higher Rates, Weaker Pound 01:52 - Cable Buyers Losing Control --------- 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