# Outlook For Pound US Dollar Exchange Rate: Analyst Views On Where Next For GBP/USD

> GBP/USD traded near $1.2860 after a volatile week that ran from an eight-day high to a 17-day low on shifting Federal Reserve rate expectations. Sterling had weakened after a UK PMI reading showed near-stalled private activity and a weak CBI retail survey.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35296-outlook-for-pound-us-dollar-exchange-rate-analyst-views-on-where-next-for-gbp
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is routine currency commentary with no new feed-relevant cause, so it carries little implication for feed commodity prices.

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/38766/2023-07-31-outlook-for-pound-us-dollar-exchange-rate-analyst-views-on-where-next-gbp-usd.html

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