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[COLOR=#000000][FONT=Times New Roman][FONT=Arial][B]The [/B][URL="http://www.forexcrunch.com/gbp-usd-comeback/"][B]British Pound made a huge comeback[/B][/URL][B] this week, rising from a very low position back up. GDP, Retail Sales, the MPC’s meeting minutes and 5 other events will set the course of the Pound this week. Here’s a review of the upcoming week for the British Pound, and an updated technical analysis for GBP/USD.[/B]

GBP/USD forex chart with support and resistance lines marked on it. Click to enlarge:

[URL="http://www.forexcrunch.com/wp-content/uploads/2009/10/gbp-usd-forecast-october-2009.png"][IMG]http://www.forexcrunch.com/wp-content/uploads/2009/10/gbp-usd-forecast-october-2009-450x310.png[/IMG][/URL]


The Pound enjoyed reports that spoke about the end of the asset purchasing facility program – no more devaluing the Pound. This was different than the [B][URL="http://www.forexcrunch.com/boe-hints-are-pound-bearish/"]initial Pound-bearish hints[/URL][/B]. This makes the meeting minutes so important this week. Also the good employment figures helped last week. This week has important releases every day. Let’s review them:

[/FONT][/FONT][/COLOR][COLOR=#000000][FONT=Times New Roman][FONT=Arial]Read the rest of the [URL="http://www.forexcrunch.com/category/forex-weekly-outlook/gbp-usd-outlook/"][I][B]GBP/USD Forecast[/B][/I][/URL] on forexcrunch.com[/FONT][/FONT][/COLOR]
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