GBP/USD Could See Limited Downward Movement Within Range
Analysts predict that the GBP/USD pair might see limited downward movement, likely remaining within the range of 1.2600 to 1.2670. Should a sharp drop occur, momentum may slow. A breach below 1.2580 may indicate that reaching 1.2730 is unattainable for the time being. Insights from UOB Group’s FX analysts provide a framework for understanding the current trends affecting this currency pair. Staying informed is essential for traders as they monitor shifts in market sentiment and adjust their strategies accordingly.