According to SocGen, the GBPUSD currency pair, currently at 1.27681, is expected to slowly rise towards targets of 1.3000 and 1.3100/1.3180.

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GBPUSD Chart by TradingView

GBP/USD has embarked on an extended up move after defending the multi-month ascending support line near the 1.2300 level. Economists at Société Générale analyze the pair’s technical outlook.

See: GBP/USD set to move closer to the 1.30 level this year – MUFG

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