GBP/USD Weakens Near 1.3500 as Rate Cut Bets Diminish
The GBP/USD currency pair softened, trading around 1.3500 during the Tuesday early European session. The US Dollar posted minor gains against the Pound Sterling as traders reduced expectations of a rate cut at the upcoming Federal Reserve meeting scheduled for September 16-17. This sentiment shift may help define the pair’s path in the upcoming sessions.