The currency pair tested the lower side of the ascending channel last week. It reversed upwards later, which may be a sign of the end of the descending correction.
As for the important data releases, we can mention UK PMIs, which were better than expected and supported the currency pair by the end of the week. We expect GBP/USD to develop its growth this week targeting 1.3906.
As for the important data releases, we can mention UK PMIs, which were better than expected and supported the currency pair by the end of the week. We expect GBP/USD to develop its growth this week targeting 1.3906.