The British pound remained on low ground, licking its wounds. The new month offers a very busy calendar, with the rate decision and PMIs standing out. Can cable recover? Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. BBA mortgage approvals dropped to 42.8K, below expectations while CBI realized sales rose beyond predictions. In the US, growth came out better than expected and other indicators were mostly positive. The pound eventually surrendered to the greenback’s strength. The focus now shifts to the UK. (full story)