The Pound Sterling (GBP) appears to have enough momentum to test 1.3320 before leveling off. In the longer run, price action continues to suggest GBP strength; overbought conditions could limit gains, ...
If the BoE decides to pause its tightening cycle or sends a dovish message alongside a 25 bps rate hike, GBP/USD is likely to experience a fresh downswing toward the 1.2250 psychological level.