The currency pair went upwards last week after the Fed’s Head Powell comments. GBP/USD goes towards 1,12677 currently.

As for the UK data, it is worth to mention UK GDP, which has meet the expectations and the Manufacturing production index, which was even weaker than forecasted.

We expect GBP/USD to develop its growth this week towards 1,2677. There are no obstacles for the currency pair to reach that level. Once this level reached, we advise to monitor for the signals.