ANZ Research on GBP outlook for the coming week.

"The key question is whether this GBP rally can be sustained next week. The UK calendar is relatively light, with the final PMI releases the only notable domestic data. As a result, GBP/USD is likely to be driven primarily by the USD and any shifts in Fed expectations. From a rates perspective, policy divergence remains limited.

"As such, if next week's US data fail to reinforce the case for further Fed tightening, GBP/USD should be able to maintain its recent gains. Overall, we retain a mildly positive bias on GBP/USD. We see initial resistance at 1.349, with a break above opening the way towards 1.352. Support is seen at 1.333," ANZ adds.