The Pound Sterling (GBP) could edge lower as a tentative buildup in downward momentum suggests potential declines. Current analysis indicates that the major support level at 1.2310 is unlikely to come into play for now. Analysts at UOB Group note that GBP may trade within a 1.2310 to 1.2550 range in the near term. Investors should stay informed about market conditions that may impact the GBP’s trajectory as shifts occur.