The GBP/USD is facing a key test this week from multiple sources. Among these, we have rate decisions from both the UK and US central banks, while the nonfarm payrolls data on Friday will cap a week full of important economic data. The cable is therefore our currency pair of the week, as it could be in for a roller coaster ride. The GBP/USD has been fairly resilient this year considering the recovery in the dollar against other currencies. The cable has found support largely because of the Bank of England’s hawkish stance, as UK inflation once again proved to be hotter than it is in most other developed economies. ... (full story)