FXstreet.com (Barcelona) - The GBP/USD, the bigger loser on the week, has taken back 270 pips, after bouncing up from intra-week low at 1.4135 to 1.4400. If 1.4400 gives, the Pound could continue its climbing towards key level at 1.4550 before 1.5000.

According Nicole Elliott, senior technical Analyst at Mizuho Corporate Bank, GBP could trade above 1.45 in Friday's European session: Retracing over half of the rally up to 1.5000 where a cluster of resistance points lie. We expect it to try and base against the 1.4200 area this morning and possibly inching up towards 1.4500 late this afternoon.