GBP/USD neutral, between 1.3200 and 1.3450 – UOB

The research team at UOB Group has noted the neutral stance on GBP/USD, expected to remain within the 1.3200-1.3450 range in the next weeks.

Key Quotes

“While the strong overnight rally appears to be running ahead of itself, further extension appears likely but at this stage, a sustained move above 1.3370/75 is not expected”.

“GBP dipped to a low of 1.3235 yesterday but rebounded quickly. The neutral outlook that started last Friday is still intact and further sideway trading is expected, likely within a 1.3200/1.3450 range instead of the 1.3150/1.3450 expected previously”.