GBP/USD: Price action appears be consolidative – UOB Group
The Pound Sterling (GBP) is expected to trade in a range between 1.2920 and 1.3000. In the longer run, for the time being, GBP is expected to trade in a 1.2900/1.3030 range, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
GBP is expected to trade in a 1.2900/1.3030 range
24-HOUR VIEW: “We expected GBP to trade in a range between 1.2890 and 1.2980 yesterday. GBP then traded in a narrower and higher range of 1.2935/1.2999. The price action appears be consolidative, and we continue to expect GBP to trade in a range, likely between 1.2920 and 1.3000.”
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