The British pound continued to lose ground, as GBP/USD closed the week at 1.6060. The upcoming week has six releases, including key employment data. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
The dollar made further headway against the pound last week, buoyed by strong employment and consumer confidence data in the US last week. As well, the pound was hurt by weak UK housing data, which points to a sluggish housing sector.
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