08 Sep 2025
Pound Sterling gains against US Dollar on intensifying Fed dovish bets
The Pound Sterling demonstrates strength near 1.3500 against the US Dollar on the emergence of Fed’s larger-than-usual interest rate cut bets.US NFP data for August showed cracks in the job market.
Investors await BoE Breeden’s speech on Tuesday.
The Pound Sterling (GBP) trades firmly near 1.3500 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair demonstrates strength as the US Dollar faces selling pressure, following the emergence of chances that the Federal Reserve (Fed) could deliver a bigger-than-usual interest rate reduction of 50 basis points (bps) in the policy meeting next week.At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades with caution below 98.00.
