The pound remained in a tight range around 1.3000 on Thursday. The price moves back and forth between 1.2970 and 1.3010. The resistance lies at 1.3000, the support comes in at 1.2900.
The pound may bounce from the lower limit of the downward channel and reverse its losses up to 1.3100. In the scenario where sellers keep control the major may decline to 1.2950 – 1.2900.