The British pound continued to impress, as GBP/USD climbed another 130 pips, closing the week at 1.6250. The upcoming week has six releases, including three key PMI releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. GBP/USD continues to climb, as the pound has done very well against the dollar in 2012.The pair has benefited from some weak US economic data and the announcement by the Fed that it has no plans to raise interest rates for the foreseable future. As well , there has been some improvement in some economic indicators in the UK, such as solid PMI readings and ... (full story)