The Pound Sterling or GBP is currently showing no significant increase in either downward or upward momentum. According to UOB Group’s analysts, the GBP is likely to trade within a narrow range of 1.2630 to 1.2705 in the short term. Over a longer outlook, the GBP is expected to maintain a neutral stance, potentially fluctuating between 1.2580 and 1.2750. This indicates that traders should brace for a steady environment with limited volatility as market sentiments remain cautious.