British Pound: Neutral stance inside narrower band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a neutral view on GBP/USD around 1.3545, noting recent sideways trade between 1.3531 and 1.3567. They now see a tighter 1.3495–1.3590 range as sufficient to contain price action.
UOB analysts maintain a neutral stance on the British Pound against the US Dollar, predicting the currency pair will trade within a narrower range around 1.3545. Recent price action has been range-bound between 1.3531 and 1.3567. The analysts now consider 1.3495–1.3590 an adequate containment range. Over the next one to three months, they anticipate the price may pull back below the 55-day EMA at 1.3475 and approach support near 1.3410.
In the short term, GBP is expected to fluctuate between 1.3520 and 1.3570. No new indications emerged from yesterday's trading session, which saw GBP fluctuating between 1.3531 and 1.3567 before closing at 1.3547 (+0.05%). Despite a slight upward trend over recent days, momentum remains lackluster. UOB retains a neutral outlook, but a narrower 1.3495/1.3590 range may be sufficient to keep price movements in check.
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