From my point of view, the pound is ready for a decline. There are certain conditions which show the selling of the pound by the party of main operators. The situation can change though after the GDP release:
Trading recommendations:
- To sell with a stop above 1.5255 and a target of 1.5450.

FX.co ★ Analysis of Gbp/Usd Market Manipulations for August 27, 2010
Long-term reviewAnalysis of Gbp/Usd Market Manipulations for August 27, 2010
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade