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GBP/USD Forecast Feb. 16-20

From forexcrunch.com

The British pound posted its third straight weekly gain, as GBP/USD gained about 150 points last week. The pair closed at 1.5383. This week’s highlights are CPI and Claimant Count Change. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The pound posted strong gains on the BOE inflation report, which said that inflation levels would improve and wages were starting to pick up. It was a rough week for key US numbers. Jobless claims jumped above the 300 thousand level and retail sales and consumer confidence softened. Rightmove HPI: Monday, 00:01. The indicator helps ... (full story)

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