The currency pair went upwards last week and has broken out 1,2372 resistance area. GBP/USD stays above this level at the moment of writing.

The main events last week were from the United States and we have already mentioned them in our EUR/USD review. There was nothing important coming from the GB.

As for the current forecasts, we expect GBP/USD to move towards 1,2677. However, the fundamental situation is unstable and surprises are possible.