The pound rose against the US currency yesterday. The quotes growth exceeded 300 points. The currency has reached the 1.2900 round level. It happened due to the preterm elections in the UK. Theresa May’s party has taken the leading positions. Winning will help to make their position in the negotiations with the EU stronger.
I expect for a correction on GBP/USD after yesterday’s significant growth. I’ll sell, if the price fixes below 1.2810. The nearest goal for taking profit is 1.2750.
At the same time, I don’t exclude the possible further growth of the GBP/USD quotes. The US dollar is under pressure due to the fall of government bonds. I’ll buy, if the price fixes above 1.2860. the nearest goal is 1.2900.