GBP to USD Trading Near Lower Range of 1.3485 to 1.3560
Recent movements in the Pound Sterling (GBP) signal an increase in downward momentum, with expectations to trade between 1.3485 and 1.3560 against the US Dollar (USD). UOB Group analysts Quek Ser Leang and Peter Chia suggest that the broader range should be observed closely, as the market navigates between 1.3430 and 1.3595. Traders must prepare for potential fluctuations as market dynamics can shift swiftly.