GBP/USD posted gains for a second straight week, rising about 85 points. The pair closed the week at 1.5520. There are just four releases this week. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD.
In the US, the Federal Reserve kept the markets guessing till the very last minute, but in the end refrained from raising rates. US unemployment claims were better than expected, but the Philly Manufacturing Index posted a sharp decline, well below expectations. Over in the UK, there was positive news on the job front, as wages growth jumped and unemployment claims beat expectations.
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