GBP/USD leveled off from its recent rally, and was unchanged at week’s end. The pair closed the week at 1.6169. The markets will be closed on Dec. 25th and 26th, and there are only two releases next week. Here is an outlook of the events and an updated technical analysis for GBP/USD. The pound managed to hold its own against the dollar despite some weak fundamentals last week. Key releases such as Retail Sales and Public Sector Net Borrowing disappointed, although Current Account beat the estimate. GBP/USD graph with support and resistance lines on it. Click to enlarge: BBA Mortgage Approvals: Thursday, 9:30. The ... (full story)