During European trading, the British Pound rose against the US Dollar, trading above 1.3770 levels.
The GBP/USD currency traded higher in the European Session, following concerns about the US President’s tax bill which could drastically increase the overall debt of the US, creating negative pressure on the US dollar. In the UK, Manufacturing PMI for June figures came out in line with expectations (47.7) and Bank of England Governor Bailey will speak (14:30 GMT+1). In the US, Fed Chair Powell will speak (14.30 GMT+1), ISM Manufacturing PMI data for June (48.8 exp) and JOLTS Job Openings (7.450 mln exp) will be released (15:00 GMT+1).