The Pound Sterling remains under pressure against the US Dollar, but analysts suggest that the decline may be capped at the 1.3460 mark. Current oversold conditions indicate the potential for a minor recovery. However, looking forward, analysts from UOB Group, Quek Ser Leang and Peter Chia, anticipate that GBP is likely to trend downward toward 1.3430. Traders should keep an eye on market movements as any shifts could influence these forecasts. As the market dynamics evolve, the focus will be on how GBP reacts to surrounding economic indicators.