During Asian trading, the British pound climbed against the US Dollar trading above 1.3700 levels.
The GBP/USD pair climbed with the greenback weakening against most of its rivals on the prospect of Fed rate cuts and fiscal concerns, ahead of speeches from the Bank of England governor and the Fed chair. In the UK, Manufacturing PMI for June figures (47.7 exp) will be released (09:30 GMT+1) 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).