The GBP/USD has started the new week on the backfoot after its big gains recently. It is going to be among the key pairs to watch, owing to the fact we have some important data from the UK – namely, inflation figures on Wednesday that could determine the size of the next Bank of England rate hike. We will also have US retail sales among a handful of macro pointers from the world’s largest economy to impact the GBP/USD outlook. Last week saw the cable advanced almost 2%, adding to the 1% or so it had gained in the prior week. Already finding support from a weakening US dollar, the GBP/USD found additional boost from ... (full story)