GBP/USD: Weekly Forecast 13th August - 19th August

From dailyforex.com

Traders who were starting to believe that calm conditions had returned to the GBP/USD the first three days of last week, were likely hit by rather strong choppiness from the Forex pair on Thursday and Friday. The GBP/USD will begin trading on Monday near the 1.26920 ratio, which is slightly above the lows it traversed early on Friday when it touched a depth around 1.26650. Speculators who were caught by surprise as the GBP/USD created volatility likely didn’t anticipate the economic data which was published the last two days of the week. U.S. inflation numbers on Thursday came in near expectations, which helped the ... (full story)