Investors are closely watching Keir Starmer, the UK Prime Minister, to see if his policies can stimulate the economy as domestic consumption begins to slow.

British economist James Smith is questioning whether fiscal trends will impact the pound and if the Bank of England's interest rate decisions remain a key factor driving the pound.

The UK GDP for May will be announced soon. Additionally, the June inflation rate will be reported next week. Analysts also believe that the GBP/USD pair may be affected by political risks in the European Union.

Source: Fxstreet