The Pound Sterling (GBP) appears set to trade with a downward bias heading towards the 1.3395 level against the US Dollar (USD). Analysts from UOB Group, Quek Ser Leang and Peter Chia, indicate that while a break below this level is unlikely at the moment, the GBP is expected to experience increased downward momentum.

In the longer term, traders should prepare for the GBP to settle into a lower trading range between 1.3330 and 1.3530. This anticipated fluctuation will be driven by various economic factors, including monetary policy decisions, market sentiment, and external economic pressures.

For GBP/USD traders, understanding market movements and keeping up with news will be critical to navigating potential risks associated with this downward trend as the currency pair evolves in the months ahead.