GBP/USD: fundamentals to weigh even further? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair trades near the 3-week low posted last Friday at 1.3020 by the end of the day, still suffering the effects of the Bank of England's decision to extend its monetary easing program.

Key Quotes:

"The pair advanced intraday up to 1.3077, from where it slowly grinded lower all through the rest of the day, as the lack of news coming from the UK left traders focused in the BOE."

"This Tuesday, the United Kingdom will release June's manufacturing and industrial production figures, alongside with the trade balance for the same month, the firsts expected to have improved modestly compared to the previous month."

"Nevertheless, and given the outcome of June and July data seen lately, there's a good chance that the numbers will be disappointing, pressuring the Pound further."