The British pound continues to slide, as GBP/USD lost about 100 points for a second straight week. The pair closed at 1.5861, its lowest weekly close since September 2013. This week’s major events are Claimant Count Change and the BoE Inflation Report. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. US Nonfarm Payrolls slipped to 214 thousand, well short of the estimate of 235 thousand. On a brighter note, the Unemployment Rate slipped to 5.8%, its lowest level in six years. British PMIs were mixed and there were no surprises from the Bank of England, which left ... (full story)