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.

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.

The Pound to Dollar exchange rate has dropped a third of a per cent in midweek trade amidst the U.S. Dollar's broader push higher thanks to 'hawkish' signals from members of the Federal Reserve.