The currency pair declined last week and has broken down the ascending trend line. The uptrend failed to develop as the data was weak and there are new fears about Brexit. The latest Parliamentary vote was rejected.

What to expect from GBP/USD next week? We have an uncertain pattern currently on the chart. There is some room for GBP/USD to developed the decline towards the closest support at 1,2980. We advise to monitor the situation and look for the patterns before taking decision.