GBP/USD took a plunge last week, losing close to 400 points. The pair closed the week at 1.5151. This week’s key events are Current Account and two PMI reports. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD.
The greenback posted sharp gains as Yellen surprised with a relatively hawkish speech, and the week ended on a positive note as Final GDP for Q2 posted a strong gain. There were no major releases out of the UK last week.
Read the rest of the article GBP/USD Forecast Sep. 28-Oct. 2