GBP/USD weekly outlook: April 27- May 1

April 26, 2015 5:26 PM

61 0 - The pound rallied to five-week highs against the broadly weaker dollar on Friday as a weak U.S. economic report underlined concerns that the recovery is cooling, dampening expectations for higher interest rates.

GBP/USD was up 0.88% to 1.5189 in late trade, the most since March 6, bringing the week's gains to 1.5%.

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