GBP/USD continues its impressive performance after a 0.5% gain in the previous session. The pair is trading around 1.3500 in the Asian hours on Wednesday. US inflation data has heightened expectations for a potential Federal Reserve rate cut in September, causing the US Dollar (USD) to falter. This has contributed to the further appreciation of GBP/USD, indicating that the market is reacting positively to the data released. Investors are monitoring this pair closely as it seems poised for further progress. The shifts in sentiment highlight the responsive nature of currency markets to economic indicators and their impact on monetary policy expectations.