The GBP/USD currency pair is expected to trade within a range of 1.2885 to 1.2945 in the near term, according to insights from the UOB Group. Analysts Quek Ser Leang and Peter Chia indicate that this price behavior is a continuation of the current sideways trend. Longer-term perspectives suggest potential range trading between 1.2850 and 1.3050 may unfold. Investors should prepare for possible fluctuations, given the surrounding economic conditions and market sentiment influencing the British pound and US dollar dynamic.

This period of consolidation might present both risks and opportunities for traders willing to navigate the current market phase with clarity. Understanding the underlying factors driving GBP/USD can help in formulating effective trading strategies that leverage both resistance and support levels adequately.