GBP maintains its position, expected to trade between 1.2640 and 1.2700 against the US Dollar. Analysts from UOB Group note a slow momentum. Should GBP break below 1.2615, it would suggest a lack of strengthening. Such technical analysis plays a significant role in forecasting short-term movements in the market. Traders should be cautious when positioning themselves in this range as fluctuations can occur easily due to market sentiment changes.