The current price action for GBP/USD appears to be part of a range trading phase. Analysts from UOB Group suggest the Pound Sterling is likely to move between 1.2630 and 1.2710. As momentum slows down, a break above 1.2725 could indicate that the major support level at 1.2565 is not in immediate risk. Traders should pay close attention to these levels for potential trading opportunities.