The British Pound (GBP) weakens against the US Dollar (USD), with GBP/USD sliding below 1.3150 during early Wednesday trading. The decline comes as traders grow confident the Bank of England (BoE) could deliver a 25-basis-point rate cut in December, following dovish remarks from policymakers.

BoE’s Megan Greene questioned whether UK monetary policy remains sufficiently restrictive, pointing to elevated wage growth and persistent inflation pressures. Her comments reinforced expectations of an imminent policy shift.

Meanwhile, the USD finds modest support as optimism builds around the US government’s reopening process, with the House set to vote on the funding bill later today. However, weak ADP employment data continue to cap the Greenback’s upside, fueling Fed rate cut bets for December.

The overall outlook remains cautious, with GBP/USD vulnerable near-term but supported by broader expectations of US policy easing.