On Thursday, American financial giant Goldman Sachs announced it now expects the Bank of England to maintain its interest rate in December, thereby revising its forecast of a 25 basis point rate decrease.

This news serves as informational support for the British pound. Technically, the GBP/USD pair is also in the support zone of 1.2900 - 1.2940. If today's news from the US supports expectations of a rate decrease by the Federal Reserve System, such circumstances could catalyze an increase in the GBP/USD pair. However, in case of a decrease in quotes and a renewal of the local minimum, support could be encountered in the range of 1.2860 - 1.2800.