The Dollar was lower after a U.S. labour market survey printed softer than anticipated and boosted the odds of an interest rate cut at the Federal Reserve in September.
GBP/USD rose after the Chair of the Federal Reserve delivered remarks that were deemed by analysts and market participants to raise the odds of a September interest rate cut.
Trump = Stronger Dollar
- Category: USD
The Dollar is rising because markets see an increasing chance that Donald Trump will win the November election.
Pound Sterling starts the new week with a solid advance against the Dollar, although a busy U.S. data calendar and the UK's elections could offer up some volatility.