GBP/USD continues to rally, as the pound jumped about 100 points last week. The pair closed at 1.5431. This week’s major event is Retail Sales. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD.
The UK posted strong job numbers last week. This, combined with poor retail sales and weak manufacturing data out of the US helped the pound continue to rally last week.
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