GBP has made a big advance in sync with other currencies against USD. This has happened despite neutral or even negative economic news from the UK. Next week the market sentiment can change as more economic data is coming for GBP. Namely, U.K. Inflation on Tuesday has a main impact on the next GBP swing. Technically, GBP has broken out of the range. No visible close resistance is in sight. Monday should see a retracement of GBPUSD to 1.30 in anticipation of the Tuesday news. Trade could be made after the news are announced.
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