The British pound was down slightly against the dollar last week, as GBP/USD closed just above the 1.52 line, at 1.5201. This week could be eventful, as the highlights include PMI numbers and the Official Bank Rate. Here is an outlook of the events and an updated technical analysis for GBP/USD. Last week saw disappointing data out of both the US and the UK. The UK Current Account Deficit widened, while the US had a particularly bad week, with poor numbers in a wide range of sectors, including housing and employment. GBP/USD did post a drop during the week, but managed to recover by week’s end. GBP/USD graph with ... (full story)