GBP/USD Gains Momentum, Targets 1.2975
The Pound Sterling (GBP) appears to have enough momentum to potentially test the 1.2975 level against the US Dollar (USD). Analysts from UOB Group indicate a minor pullback risk but note that the uptrend in GBP may be ready for consolidation or a pause. They point out that a break below 1.2855 could signal a decrease in upward momentum. As traders remain cautious, a watchful eye on these levels is crucial. In the coming sessions, how GBP/USD performs could depend on broader market developments and economic data releases, especially from the US.