GBP/USD trades in a wider range as UOB analysts forecast a limited recovery toward 1.3260, noting that the pair is unlikely to sustain gains above this resistance level in the near term.
UOB expects GBP/USD to trade in a wider range with short-term recovery toward 1.3260 but unlikely to sustain above, indicating neutral sentiment.
UOB strategists report that GBP/USD is entering a period of consolidation following a sharp swing between 1.3137 and 1.3275. While a short-term recovery toward 1.3260 is anticipated, analysts suggest the pair will struggle to maintain momentum above this threshold.
UOB strategists expect the pair to trade within a wider range, with a potential recovery toward 1.3260 that is unlikely to be sustained.