# Pound Sterling to US Dollar Exchange Rate Forecast: Will BoE Interest Rate Hike Trigger GBP/USD Rally? »  Future Currency Forecast

> The pound advanced against the dollar to about $1.3124 ahead of a Bank of England decision on Thursday, with economists putting the odds of a hike between 50% and 90%. Friday's UK services PMI is forecast to slow slightly from 55.1 to 54.7.

- Date: 2018-07-30 · published 2018-07-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/64276-pound-sterling-to-us-dollar-exchange-rate-forecast-will-boe-interest-rate-hike
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A BoE hike could lift sterling, while a weak PMI could reverse gains; both shift dollar-based import costs only marginally for feed buyers.

## Read by commodity

- GBPUSD: neutral

## Sources

- futurecurrencyforecast.com: https://www.futurecurrencyforecast.com/pound-sterling-to-us-dollar-exchange-rate-forecast-will-boe-interest-rate-hike-trigger-gbpusd-rally-43885

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