GBP/USD: Will US GDP Data Boost the Dollar vs. Pound?

The Pound Euro (GBP/EUR) exchange rate is edging lower after a quiet start to the week.

Pound investors continued digesting a slightly more hawkish BoE against elevated COVID cases.

Attention will now shift to the UK unemployment data which is expected to remain steady at 4.8%. The number of people claiming unemployment is expected to fall by 180,000 in July after falling by 114,800 in June.

Euro investors will now focus on the release of Eurozone second quarter GDP reading which is expected to confirm a 2% QoQ increase and a 13.7% increase year on year.