GBP Surges as Fed Officials Remain Hawkish Amid US Dollar Weakness

The British Pound, represented by GBP/USD, has continued its upward trend for the second consecutive session. The pair is trading near 1.3230 in Asian hours on Monday.

Futures markets are pricing a 65.9% probability of an October Fed rate increase, up sharply from 57.6% last week and 9.4% a month ago.

The US Dollar has weakened ahead of key macroeconomic data releases, including the US labor market figures and the Fed's preferred inflation measure.