The British pound continued to rally last week, as GBP/USD gained over 200 points. The pair closed at 1.5188, marking its first weekly close above 1.50 in almost two months. This week’s highlight are Preliminary GDP and Manufacturing PMI. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The US dollar had another awful week, as housing and durable goods orders numbers were a mix. In the UK, Retail Sales was below expectations, but the disappointing news didn’t hinder the pound’s impressive rally. Updates: GBP/USD graph with support and resistance lines on it. Click ... (full story)