GBP/USD Forecast May 7-11 – Pound plunge continues, will the BOE stop it?

GBP/USD extends its sharp falls, dipping under the 1.35 level at one point as data continued disappointing. Sterling now faces the Bank of England’s decision among other events. Here are the key events and an updated technical analysis for GBP/USD.

PMI data added to the misery with manufacturing …

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