The currency pair surged last week. GBP/USD moves along the ascending trend line confirming the uptrend. The Bank of England’s meeting last week resulted in the expansion of the Asset Purchase program. More liquidity on the market increases investors' interest towards risky assets including GBP.

We expect the currency pair to develop its growth targeting 1.3356. This scenario will be cancelled if GBP/USD corrects towards the ascending trend line.