GBP/USD sticks to the side-lined theme – UOB – by pabspiovano GBPUSD Currencies Majors Banks
is now seen trading between 1.2250 and 1.2430 in the next few weeks, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group.24-hour view: “Yesterday, we expected GBP to ‘trade sideways between 1.2350 and 1.2425’. GBP rose to a high of 1.2416 in London trade before declining to a low of 1.2339 in late NY. The underlying tone has softened somewhat but while GBP is likely to edge lower today, it is unlikely to break the major support at 1.2295 .
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