The Great British Pound has had a bullish week against the US Dollar. The currency pair was trading at 1.525 USD per 1 GBP on June 9th. After rallying for six consecutive days, the pair is now hovering at around 1.560.

Kathy Lien, an analyst for BK Asset Management, says the pair’s future direction will be dependent on the latest release of minutes from the Bank of England’s June monetary policy meeting. In particular, traders are focusing on in whether the central bank will vote for an interest rate hike.

“Given that data was mixed going into the rate decision,” said Lien, “chances are that policymakers will remain divided on whether rates need to be increased this year. While they may be undecided, UK inflation, employment and retail sales data will help investors solidify their expectations.”

At a time when the British government is selling its remaining shares of Royal Mail, the GBP had a great past week.

George Osborne, chancellor of the Exchequer, believes in the power of the British work force, saying: “We’re also going to make sure that there is a special bonus for the work force who have done such a great job turning Royal Mail around. Thanks to them, Royal Mail’s share price has risen; so we’re going to give more of the shares to the staff.”