Outlook for the British Pound/US Dollar pair will almost completely depend on whether it is able to rally past near-term resistance at the 1.7640 mark.
A failure at said level would open up the GBPUSD to further weakness, while a break above would likely see a move towards next noteworthy price ceilings at the 1.7840 mark. Longer term, we forecast that the British Pound will decline to at least 1.70 against the US dollar.