GBP/USD: forecast for August 14-18

After GBP/USD was rejected down from 1.3250 on the dovish Bank of England and strong US jobs report, it continued drifting down in the past week. The lack of economic news from Britain and some recovery of the greenback contributed to the pair’s decline. The only thing worth mentioning is that British manufacturing production stagnated after contracting in the previous period.

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