However, we need to pass some more tests, before we confirm the longer-term . For example, Services PMI will be of more interest given the service-oriented nature of the British economy.
But the most significance the market will pay to the looming BOE monetary meeting coupled with Quarterly report. If forecasts revised up, and Committee reveals even more hawks voting for a rate hike, it will push cable higher.
GBP/USD has already broken strong psychological resistance at 1.32, and the next target may be at 1.3280.