Aug 19 Reuters Sterling touched a onemonth high against the dollar on Monday, as growing bets around U.S. interest rate cuts pushed the greenback lower against other major currencies.

Investors are awaiting speeches from Federal Reserve Chair Jerome Powell and Bank of England BoE Governor Andrew Bailey on Friday at the central bankers39; gathering in Jackson Hole, Wyoming for clues on the outlook for monetary policies in the U.S. and UK.

Expectations of a dovish tilt in minutes of the Fed39;s July meeting, due on Wednesday, and Powell39;s upcoming speech pushed the dollar to a sevenmonth low against major currencies.

The pound in turn was up 0.2 at 1.2963, after earlier in the session touching a onemonth high of 1.2975.

The bulls will be eyeing the 1.3000 level, as they will the 17 July highs of 1.3044. Volatility markets suggest a break of 1.3044 through the week is a 12 probability, noted Chris Weston, head research at broker Pepperstone.

Against the euro , sterling touched a more than twoweek high of 85.09 pence per euro. It was last at 85.15 pence

The British currency has rebounded 2.3 since touching a onemonth low of 1.2666 on Aug. 8, helped by a recovery in broader market sentiment as well as data pointing to momentum in the UK economy and easing inflation.

Money markets show traders are pricing in a 39 chance of the BoE cutting rates by 25 basis points bps to 4.75 in September, and see rate cuts of 44 bps by the end of this year. The BoE cut rates from a…