GBP/USD climbs to 1.264, lifted by soft USD and dovish Fed cues, weak services data.
Powell ties rate cuts to data; Bostic hints at delayed cuts to late 2024.
Shifts in BoE and Fed rate cut expectations indicate evolving monetary policies.
The Pound Sterling posted solid gains against the Greenback on Wednesday after bouncing from a seven-week low of 1.2539 on Tuesday. Federal Reserve officials crossing the newswires and weaker-than-expected US services sector data are a headwind for the US Dollar, which tumbled for the second day in a row. The GBP/USD trades at 1.264, gains 0.56%.
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