GBP/USD: High probability of the monetary policy easing in the UK. Fundamental analysis for 01.08.2016

Forex analytics: PMI in the British manufacturing sector was 48.2 in July against the forecast of 49.1 and 49.1 in June. After the publication of the index at 10:30 (GMT+2), the GBP is declining in the Forex market and in the pair GBP/USD. Market participants are waiting for the monetary policy decisions by the Bank of England, which will be known on Thursday (13:00 GMT+2), and data on the US labor market for ...