The pound got a beating but managed not to fall to a 5 month low. The upcoming week is very busy with key figures from many sectors. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. One of the main reasons for the fall came from the meeting minutes. Despite high inflation, the MPC is unlikely to raise the rates, perhaps not not until the next summer. Even a second QE program in Britain is on the agenda. This is due to the weakness of the economy. Will we see a breakdown? Let’s start: # Final GDP: Tuesday, 8:30. The British economy rebounded in the first quarter of 2011, ... (full story)