GBP/USD Poised to Hover Between 1.3220 and 1.3320 with Low Momentum
Current price action for the Pound Sterling indicates a non-trending phase. Analysts from UOB Group, Quek Ser Leang and Peter Chia, predict that GBP/USD will likely trade in a range between 1.3220 and 1.3320. However, in a broader context, momentum appears to have weakened. In the long term, GBP/USD could fluctuate within the ranges of 1.3140 to 1.3405, indicating a period of consolidation ahead.