GBP/USD Trades Sideways as Market Anticipates Future Movements
GBP/USD is expected to trade within a sideways range of 1.2550 to 1.2615 against the US Dollar (USD). UOB Group analysts noted that momentum indicators are beginning to flatten, indicating that the British Pound (GBP) lacks strong upward momentum. A breach beneath the 1.2525 level would suggest that the Pound will not strengthen further. Investors are advised to keep an eye on upcoming data releases that may impact GBP’s trajectory. As market dynamics continue to shift, volatility in this currency pair remains a key consideration for traders.