GBP/USD moved upwards during the week, but gave up almost all of those gains, closing at 1.5615. The upcoming week is a quiet one, with just four releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
After showing some strength during the week, the pound was hobbled by some disappointing data at the end of the week, including very poor Retail Sales and a Public Sector Net Borrowing release which posted a wider deficit than expected.
Read the rest of article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-july-23-27/"]GBP/USD Outlook July 23-27[/URL][/I][/B]
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