The price of GBP/USD showed strong growth after some consolidation near the important level of 1.5350. At the moment, quotations reached the level of a local maximum at 1.5450. According to our forecasts quotations will continue to rise and will reach the level of 1.5500 in the near future. Strong upward impulse may lead to increase up to 1.5550. In case of correction, quotations may decline to 1.5350 and 1.5200. We improve the medium-term outlook, but pessimistically look at the growth of quotations in the medium term.