A weaker dollar and the UK PM Johnson’s positive comments supported the pound yesterday. Traders are waiting for the UK inflation data today.
The main scenario assumes an incline towards 1.3080.
An alternative scenario is a negative slide to the 1.2970 area.
The pound may extend its recovery up to 1.3080, if the rate overcomes 1.3050.
Buyers will most likely to maintain control, still, we do not rule out a break below 1.3000 and a move to 1.2970 afterwards.