The $GBPUSD obviously has been on a downtrend since April, 2018. A change of trend might occur soon due to some major decisions taken to favour the GBP. Most notably, small-business lending platform “Funding Circle” has officially announced its plan to raise GBP 300 million as part of its GBP 1.65 billion IPO on the London Stock Exchange.
As reported in January, Funding Circle was seeking advisors for the IPO. At that time, existing investors said the company could hit a GBP 2 billion valuation once it goes public. $GBPUSD using the RSI shows it has been oversold and might go upward soon. Price touched the resistance level last week and a breakout might occur which will lead to a bullish movement in favour of the GBP.