# GBP to USD Forecasts: UK Stats and BoE Policy Chatter to Test $1.175 | FXEmpire

> GBP/USD was trading near $1.18744 on November 23, 2022, with traders focused on UK private sector PMI data and Bank of England commentary. Economists expected services and manufacturing PMIs to weaken further.

- Date: 2022-11-23 · published 2022-11-23T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/38918-gbp-to-usd-forecasts-uk-stats-and-boe-policy-chatter-to-test-1-175-fxempire
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weak UK PMI readings would reinforce expectations of a UK slowdown and support a softer pound, which slightly raises the sterling cost of dollar-denominated feed imports. This is routine market commentary with no major new driver.

## Read by commodity

- GBPUSD: neutral

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/gbp-to-usd-forecasts-uk-stats-and-boe-policy-chatter-to-test-1-175-1207645

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