The currency pair went upwards last week and has broken out the resistance at 1,2980. GBP/USD stays above this level at the moment of writing.

The main reason for this growth was the extraordinary FOMC meeting, which we have already described in our EUR/USD review.

The currency pair is able to develop its growth towards 1,3232 this week. Otherwise, if it tests the support at 1,2980, you need to see the results of this testing.