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GBP/USD Forecast Aug. 17-21
GBP/USD rebounded last week, posting gains of close to 100 points. The pair closed the week just shy of 1.5597. This week’s highlights are CPI and Retail Sales. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. UK wages grew at a lower pace than expected, and that deal a blow to the pound. However, the US dollar had trouble of its own: while it initially enjoyed the Chinese devaluation, the move eventually hurt the greenback on thoughts that the Fed may delay its rate hike. 1.Rightmove HPI: Sunday, 23:01. This housing price index provides a snapshot of the UK ... (full story)