GBP/USD

(fxstreet) The pair finished the week with a net loss of around 200pips as concerns over the stability in Europe continued to drive investor sentiment. In terms of the UK specific commentary, this week saw the release of higher than expected ILO unemployment rate, while the BoE slashed its growth and inflation outlook in its quarterly inflation report. As a result, there is a growing consensus that the central bank will boost the Asset Purchase Facility (APF) once the current program expires. In terms of technical levels, supports are seen at the 21Day Lower Bollinger Level at 1.5746 and then at 1.5682. On the other hand, resistance levels are seen at the 10DMA line at 1.5910 and then at the 21DMA line at 1.5964