Weaker-than-expected UK data, together with a US Dollar rebound, hampered Sterling with the Pound unable to break key resistance levels. The dollar posted a notable advance after Thursday’s business confidence data with the Pound to Dollar (GBP/USD) exchange rate sliding below the 1.2700 level and it traded close to this level on Friday. The Pound to Euro (GBP/EUR) exchange rate settled around 1.1735. There will be position adjustment on Friday with UK and US markets closed for holidays on Monday. Scotiabank’s Shaun Osborne still sees scope for GBP/USD gains; “Minor GBP dips should remain supported for now. Securing ... (full story)