The British pound slipped to $1.341 from a two-week high of $1.345 on August 7 as traders await UK jobs and GDP data that could shape Bank of England policy expectations after last Thursday’s narrow vote to cut rates. The BoE lowered Bank Rate by 25 bps to 4%, with four MPC members opposing, and signaled a potential slowdown in its once-a-quarter easing pace due to sticky inflation. Markets are split on a December cut, placing the odds near 76%. Forecasts point to steady unemployment at 4.7%, while preliminary GDP is seen slowing sharply to 0.1% in Q2 from 0.7% in Q1. Softer data could boost bets on another cut this year. On trade, the 90-day US–China tariff truce expires Tuesday, with an extension expected. Geopolitically, US President Trump and Russia’s Vladimir Putin will meet Friday in Alaska in an effort to broker a Ukraine peace deal.