GBP/USD Expected to Trade Sideways

The Pound Sterling (GBP) is set to fluctuate within a sideways range of 1.3540 to 1.3620. Analysts from UOB Group suggest that GBP must first close above 1.3640 to anticipate a move towards 1.3700.

For traders, this range-bound market can present opportunities for strategic entries. Monitoring momentum indicators will be crucial in predicting any shifts in this trading environment.