Pound rises to 2-month high against dollar

The pound grew against the dollar on Tuesday as investors awaited the United States Federal Reserve's interest rate decision on Wednesday. The Fed is widely expected to cut rates by 0.25 % , with US President Donald Trump pushing for more dramatic moves. Meanwhile, the latest jobs report for the United Kingdom showed the unemployment rate has remained relatively steady at 4.7% in the three months to July as the Bank of England prepares to hold rates at its monetary policy meeting on Thursday.