Sterling falls below 1.3400 as robust US payrolls revive Federal Reserve tightening bets

by VT Markets /
Nov 7, 2026

Sterling slid nearly 0.60% against the US Dollar after a strong US Nonfarm Payrolls release pointed to a resilient labour market and revived expectations of further Federal Reserve tightening. The shift in rate bets drove demand for the greenback and pushed the pound through the 1.3400 level.

GBP/USD Performance

GBP/USD was last at 1.3371 after earlier rising to around 1.3463. The move left the pair off its session highs as the payrolls data reshaped short-term monetary policy pricing.

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