British Pound: Testing support near 1.3300 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight tentative downside momentum in GBP/USD after the pair slipped to 1.3322 and closed at 1.3342. They see scope for a dip toward 1.3315, while judging 1.3300 as major support and potentially hard to break.
UOB analysts Quek Ser Leang and Lee Sue Ann note that the British pound (GBP) is experiencing tentative downward momentum against the US dollar (USD), with the pair slipping to 1.3322 and closing at 1.3342. They perceive potential for a dip to 1.3315, deeming 1.3300 as a major support level that may prove difficult to break. Looking further ahead, they identify the July low at 1.3274 as the next target if bearish momentum persists.
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