Sterling Rally Stalls as the Fed Loses Its Dovish Room

The sterling U.S. dollar outlook now turns on the Federal Reserve, after firmer U.S. core inflation removed the case for a dovish turn. Fiona Cincotta, StoneX Senior Market Analyst, breaks down what the latest U.S. inflation data, cooling UK rate expectations and the Jackson Hole symposium mean for the pair. Core PCE inflation came in firmer than forecast, giving the Federal Reserve less reason to shift dovish and helping the U.S. dollar recover from a three-month low. In the United Kingdom, consumer price inflation is rising while employment conditions weaken, limiting how forcefully the Bank of England can respond and pushing rate expectations further out. 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 - Sterling Slips as Dollar Firms 00:25 - Core PCE Ties the Fed's Hands 00:53 - UK Rate Bets Cool Sharply 01:47 - Weak Jobs Meet Sticky Prices 02:25 - Jackson Hole Decides the Gap 03:31 - Where the Policy Gap Breaks Like and subscribe for more financial market insights. #GBPUSD #StoneX #FionaCincotta #Forex