The prospect of a meaningful rebound in the Pound to Dollar exchange rate (GBP/USD) looks a remote prospect for the coming days.

Above consensus producer inflation numbers and hawkish comments from Federal Reserve policy setters haven't been able to give the Dollar fresh upside impetus and suggest the October rebound is fading.

The Dollar glows a little brighter after the Federal Reserve showed it is awake to the resilient U.S. economy and that future interest rate cuts will be hotly contested by policymakers.

Pound Sterling could rebound against the Dollar if today's U.S. inflation data meet or undershoot expectations. However, any gains will likely be limited ahead of next month's U.S. election.