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GBP/USD Forecast Jan. 26-30 2015
The British pound sustained sharp losses last week, as GBP/USD closed the week below the 1.50 level. This was the first time the pair has slipped below this symbolic level since July 2013. This week's major event is Preliminary GDP. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The pound has had a miserable January, losing over 500 points against the US dollar. Last week, the BOE voted unanimously to hold interest rates, reflective of the low inflation environment in the UK. Retail Sales was better than expected, but this didn't help the ailing pound, which has ... (full story)