Fxstreet.com (Sydney) The GBP/USD recovered most of its losses last week to open at 1.64. The mood on both sides of the Atlantic is one of caution as governments including the EU consider exit strategies on their respective stimulus packages.

In the UK however, after a 6th consecutive quarter of negative growth and fresh from completing a £175 billion asset buying programme, the Bank of England will consider an extension of the latter.