• 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%.