GBPUSD Projected to Trade in Narrow Range Amid Current Market Conditions
Analysts suggest that Pound Sterling (GBP) is likely to trade within a range of 1.2900 to 1.3000 against the US Dollar (USD) today. Current price movements appear to be part of a phase of range trading, expected to extend between 1.2850 and 1.3050, according to insights from UOB Group’s FX analysts. Market participants should prepare for potential volatility as developments unfold, influencing the GBP/USD exchange rate.