GBP/USD climbed to 9-week highs but was unable to consolidate and posted small losses last week. The pair closed the week at 1.3262. There are nine events this week. Here is an outlook on the major market-movers and an updated technical analysis for GBP/USD.
The ISM Non-Manufacturing PMI sagged to 51.4 points, its worst showing since 2010. In the UK, Services PMI surprised by pointing to expansion, while Manufacturing Production was a disappointment, with a decline of 0.9%.
GBP/USD graph with support and resistance lines on it. Click to enlarge:
