The recent price action in GBP/USD indicates a slowdown in the ongoing rally. Currently, the Pound Sterling is likely to trade within a range of 1.3040 to 1.3200 against the US Dollar. Analysts from UOB Group, Quek Ser Leang and Peter Chia, note that overbought conditions might lead to a couple of days of consolidative trading.

Looking ahead, there is potential for GBP to test the 1.3300 level in the coming days, depending on market sentiments and external economic factors. As traders keep a close watch on these developments, the Pound’s next moves remain unpredictable.