The British pound lost close to two cents against the US dollar as GBP/USD closed at 1.5484. The upcoming week has eight releases, including Manufacturing Production. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
The Bank of England maintained interest rates at 0.50%, but did inject 50 billion pounds in QE, for a total of 375B. Weak US employment numbers also helped the dollar, as investors sought safe havens due to the turmoil in Europe and the ECB interest rate cut.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-july-9-13/"]GBP/USD Outlook July 9-13[/URL][/I][/B]
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