GBP/USD remains bearish near term – UOB

In opinion of the research team at UOB Group, GBP/USD’s outlook still points to further downside in the short-term.

Key Quotes

“Despite the strong short-term rebound, there is no change to the bearish view”.

“We believe the current movement is a short-term consolidation that should lead to an eventual move lower to 1.4200. Stop-loss remains unchanged at 1.4450”.