GBP/USD: Short-Term Gains Expected Amidst Stronger Dollar Influence
The outlook for the Pound Sterling (GBP) suggests potential short-term gains against the US Dollar (USD). Although gains are anticipated, they are likely to occur within a broader trading range of 1.2580 to 1.2655. Analysts from the UOB Group anticipate that further GBP strength appears likely as they target the upper limit at 1.2655. Traders should remain vigilant to the influences dictating market fluctuations as this dynamic evolves.