GBP/USD struggled once again due to hardships in Brexit negotiations but enjoyed an upbeat GDP figure. What’s next? The Bank of England’s Super Thursday is clearly the big event of the week, but also the PMIs could shake the pound. Here are the key events and an updated technical analysis for GBP/USD.

The British economy grew by 0.4% in Q3, better than expected. This seems to cement the rate hike. On the other hand, Brexit negotiations are not going anywhere fast. In the US, the ousting of Yellen as Fed Chair sent the dollar higher, as she is the most dovish candidate. In addition, the US GDP also came out above expectations.

Updates:

GBP/USD daily graph with resistance and support lines on it. Click to enlarge: