GBP/USD faces a tough hurdle at 1.2500 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
to challenge the key barrier at 1.2500 in the short term suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “While GBP closed higher by 0.49% , upward momentum has not improved much. The bias is still on the upside but a sustained advance above 1.2445 is unlikely. On the downside, a breach of 1.2355 would indicate that the current mild upward pressure has eased.
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