The currency pair had no tendency last week. GBP/USD stays above 1,2372 at the moment of writing.

As for the important events, there was a couple of important releases in the US, which we have already described in our EUR/USD review. There was no important data from the UK last week.

We do not expect significant trends this week. The currency pair is likely to stays within the range limited by 1,2372 and 1,2677.