GBP/USD was unchanged over the week, although the pair did drop over 200 pips before rebounding, to close at the 1.5870 level. The upcoming week has six releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. British GDP contracted by 0.2% in Q4 of 2011, and business investment plunged by some 5.4% in the same period. Yet, despite these gloomy figures, the pound has managed to hold its own against the dollar and then some, reaching as high as the 1.59 level this week. Updates: GBP/USD graph with support and resistance lines on it. Click to enlarge: CBI Realized Sales: ... (full story)