# GBP/USD outlook hinges on BoE, US data - Currency Pair of the Week

> GBP/USD held above 1.2850 on Monday, with traders awaiting the Bank of England decision and key US data later in the week. The dollar had closed higher for a second straight week against a basket of currencies.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35293-gbp-usd-outlook-hinges-on-boe-us-data-currency-pair-of-the-week
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The outlook is a routine currency preview with no new supply or demand driver for feed commodities, so its price relevance for feed buyers is minimal.

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/gbp-usd-outlook-hinges-on-boe-us-data-currency-pair-of-the-week/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.