Positive Outlook for GBP as It Remains Resilient Against USD
The Pound Sterling (GBP) continues to exhibit resilience, trading within a range of 1.2850 to 1.2925 against the US Dollar (USD). Despite some signs of slowing momentum, the longer-term outlook for GBP remains positive.
Prominent analysts from UOB Group, Quek Ser Leang and Peter Chia, emphasize that the next technical target for the GBP/USD pair is set at 1.2975. Market watchers should remain alert for any changes in economic indicators that could influence the performance of the pound in upcoming weeks.
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