Bank of America (BoA) predicts that the GBP/USD exchange rate will likely consolidate around 1.2450 after encountering selling pressures above the 1.2500 mark. On a short-term basis, BoA suggests that GBP/USD could rise beyond 1.2750 based on technical factors. As market sentiment shifts, investors are keen to observe how GBP will navigate potential resistance levels. This forecast serves as a beacon for traders looking to capitalize on GBP movements against the Dollar.