The British pound rose toward $1.35, approaching last week’s more than three-month high of $1.357, as investors sold the dollar amid concerns over the Fed’s independence. Fed Chair Jerome Powell said on Sunday that the US Department of Justice had subpoenaed the Fed on Friday over headquarters cost overruns, calling the probe a pretext in President Trump’s ongoing push to pressure the central bank to cut interest rates. Investors also awaited key data this week, including UK monthly GDP figures. In other economic news, a survey by the Recruitment & Employment Confederation and KPMG showed UK employers scaled back hiring in December as businesses contended with rising costs and weak sentiment following Labour’s November 26 tax-raising budget.