GBPUSD Set to Range Between 1.2900 and 1.2970: Key Insights from UOB Group
The Pound Sterling (GBP) is expected to trade within a range of 1.2900 to 1.2970 in the forex market. For GBP to gain strength and continue its upward trend, it needs to break above the significant level of 1.3000 and maintain this position, according to UOB Group’s foreign exchange analysts, Quek Ser Leang and Peter Chia. Traders should monitor these levels closely as they pertain to the overall market sentiment and dynamics surrounding the GBP.