GBP/USD Weekly Outlook: London Session Traders Focus

This week's GBP/USD outlook is shaped by two key themes: BoE rate expectations and UK employment data due Wednesday. The pound has held above the 1.2600 support zone for three consecutive weeks, suggesting institutional buyers are active at these levels. However, the weekly candle has produced smaller bodies each time — a sign that momentum is fading. **Bullish case:** Clean hold above 1.2620, NY buyers confirm on Tuesday, BoE minutes reinforce hawkish stance → target 1.2760–1.2800. **Bearish case:** Wednesday's employment data disappoints → break below 1.2600 → fast move to 1.2500 and the April gap fill. For London session traders, the cleanest opportunity is likely Wednesday morning. Size down going into the data and wait for the initial spike to settle before positioning. What's your weekly bias on cable?