The GBP/USD pair fell slightly during the Friday session as we attempted to break out above the 1.61 handle. However, it must be said that this pair is starting to show real signs of strain, and as such we will be buying any pullbacks or a move above the Thursday and Friday highs. The Bank of England is holding its rates right where it sat, as well as keeping its monetary policy set. Looking at the Federal Reserve plans, it is obvious that the US dollar should continue to weaken against the British pound.
Written by FX Empire