British pound was not in focus during the past several days but has been underpinned by GBP/JPY and GBP/CHF buying. It has taken advantage of the U.S. dollar weakness this morning. BOE QIR tomorrow is the main thing to prepare for.

GBP/USD is knocking on the big figure (1.30) again. A break above would likely trigger some buy stops. 23.6% retracement of the 2014 - 2016 downtrend is the next target. Area around 1.29 is the initial support and then stronger one near 1.2830.

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