The pound continued its free fall, as GBP/USD fell over three cents this week, closing at 1.5358. The upcoming week has 10 releases, including Manufacturing PMI, Construction PMI and PPI Input. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
Manufacturing PMI plummeted in the May release, with the index’s worst performance since June 2009. As well, talk of a Greek exit from the Euro-zone and a lacklustre response to the deepening recession and fiscal crisis in the EZ are weighing heavily on the pound.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-june-4-8/"]GBP/USD Outlook June 4-8[/URL][/I][/B]
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