On Friday, the pound was up against the US dollar after the economic growth of the United Kingdom in the second quarter were revised higher than expected, and an encouraging report on the UK balance of payments surplus tempered concerns about the potential adverse effects до Brexit.
In the European morning trade the pair reached 1.2986, the session high, rising by 0.17%, GBP/USD subsequently consolidated at 1.2976.
The pair is likely to receive support at 1.2912, the low of September 23 and at one-month low and resistance at 1.3125, the high of September 22.
UK Office for National Statistics said that GDP grew by 0.7% in the second quarter compared with the previous estimate of 0.6%, although the projected growth was 0.6%.
In annual terms, GDP grew by 2.1% in the second quarter compared with the previous estimate of 1.9%, but lower than the expected 2.2%.
A separate report showed that the deficit of the current account balance of payments increased during the last quarter only to 28.7 billion pounds from 27.0 billion pounds in the first quarter, the figure was revised from a previous estimate of growth to 32.6 billion pounds. Analysts had expected the deficit in the second quarter to increase to 30.5 billion pounds.
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