GBP/USD expected to maintain the consolidative mood

GBP/USD is still seen trading within the 1.2640-1.2830 range for the time being, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek

is still seen trading within the 1.2640-1.2830 range for the time being, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: GBP closed little changed last Friday . There is no clear directional bias and GBP is likely to trade sideways. Expected range for today, 1.2700/1.2775.

Next 1-3 weeks: GBP traded mostly sideways over the past week. The price movements appear to be part of a consolidation phase. From here, GBP could continue to trade sideways, likely between 1.2640 and 1.2830. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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