The GBP/USD has been stuck around the 1.2700 handle in the last couple of weeks. While the pound may not move much with the BoE rate decisions taking place in early August, shortly after the FOMC rate decision, the dollar will be tested however with the release of some top-tier data in the coming days. We will have the closely-followed ISM services PMI on Thursday, followed by the June nonfarm payrolls report, while the latest CPI report will be published next week. Together, these data releases should be the deciding factor behind a hike or hold in US interest rates later this month. For now, our GBP/USD outlook is ... (full story)