The GBP/USD currency pair has been influenced by various economic data points recently. Notably, after the release of the UK’s PMI data, there’s an increased market expectation of a dovish stance from the Bank of England, leading to a softening of the pound. Despite this, the pair is still attempting to recover above the 1.2700 level. Technically, the pair faces multiple resistances, but buyers are still looking for opportunities above 1.2700. A break above the 1.2800 resistance level could propel it further. However, a breach below 1.2650 could alter the current trend.