FXStreet reports that GBP/USD maintains its base above the March highs at 1.4001/17 and economists at Credit Suisse look a move back to 1.4238, then to the first core upside target of 1.4302/77.

“We stay directly bullish and look for a move back to 1.4182 initially, then the 1.4238 high, ahead of our first core upside target of 1.4302/77 – the 2018 highs and 50% retracement of the 2014/2020 bear trend.” 

“Whilst we would expect to see a fresh phase of consolidation from the 1.4302/77 area, we continue to look for an eventual clear break for our 1.49/1.51 ultimate objective.”