According to Credit Suisse, there is a possibility for the GBPUSD currency pair to reach a level of 1.29358. There is potential for it to further decline and potentially reach the lows seen in March/April 2022, which are between the range of 1.2973 and 1.3000.

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GBPUSD Chart by TradingView

GBP/USD has successfully held its confirmed uptrend from last September and economists at Credit Suisse stay bullish for their 1.2973/1.3000 target.

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