The British pound gained slightly over one cent against US dollar, as GBP/USD closed just shy of the 1.57 mark, at 1.5698. The upcoming week has nine releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
The pound moved up sharply at the end of last week, following the surprise announcement at the EU Summit. At the Summit, the leaders announced measures designed to combat the debt crisis and aid struggling EZ members, notably, allowing for the direct recapitalization of banks from Euro-zone rescue funds.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-july-2-6/"]GBP/USD Outlook July 2-6[/URL][/I][/B]
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