GBPUSD Set to Roam in a Sideways Channel
The Pound Sterling is expected to trade in a sideways range between 1.2720 and 1.2785. Should GBP manage to break and hold above 1.2810, there could be chances for an increase towards 1.2850. Otherwise, momentum may continue to slow down. UOB Group analysts Quek Ser Leang and Lee Sue Ann emphasize caution in trading strategies.
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