GBP/USD Outlook – February 8-12
The Pound sure was a victim of the dollar’s storm, especially after the Non-Farm Payrolls . It’s at a nine-month low. The upcoming week consists of an important report by the BOE among other events. Here’s an outlook for British events and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked on it. Click to enlarge: Mervyn King “missed” an opportunity to hurt the Pound in the rate decision. He’ll get another chance this week, with the release of the Inflation report. Also note the interesting NIESR GDP estimate . …
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