We believe GBP remains expensive. Rebalancing dynamics ahead of. According to the latest research people stated that A fresh set of forecasts and analysis released by the Zurich-based institution shows that the Pound is expected to fall to within 5 cents of parity with the Euro, but the UK unit should fare better against the Dollar and maintain ground above $1.30.
GBPUSD remains in the uptrend but the resistance level is already reached, so a bearish retracemnet may start soon