The GBP/USD pair has climbed above 1.2800 as weak US data has sparked hopes of a rate cut. The rise in the exchange rate comes as the US economy shows signs of slowing down. This has led to speculation that the Federal Reserve may lower interest rates in an effort to stimulate growth. Investors are closely monitoring the situation as they assess the impact on the currency pair. The GBP/USD pair is likely to remain volatile in the coming days as market participants react to new developments.