GBP/USD strengthens above 1.3100 as September Fed rate cut bets remain in play – FXStreet

The GBP/USD pair has risen above 1.3100 as expectations for a rate cut by the Federal Reserve in September continue to influence the market. Traders are still betting on a potential decrease in interest rates by the Fed next month, which has led to the strengthening of the British pound against the US dollar. The pair has shown resilience above the 1.3100 level, indicating that investors are closely monitoring the situation. Stay tuned for further developments as the market reacts to the possibility of a rate cut in September.