GBP/USD driven by US data
After quiet trading last week, the shortened final week has seen sterling push lower versus the US dollar. A rally back to $1.23 brought out the sellers, and it looks like a test of the key $1.2220 area may be in store.
A lack of UK data this week will mean that it is the limited flow of US news that will drive the pair. A move through $1.23 would target $1.2314 and then $1.2394.