UOB’s Quek Ser Leang and Lee Sue Ann keep a neutral view on GBP/USD around 1.3545, noting recent sideways trade between 1.3531 and 1.3567. They now see a tighter 1.3495–1.3590 range as sufficient to contain price action. On a 1–3 month horizon, they highlight scope for the pullback to extend below the 55‑day EMA at 1.3475 and toward trendline support near 1.3410.
Pound expected to hold sideways range
“24-HOUR VIEW: Yesterday, we held the view that GBP “is likely to trade sideways between 1.3520 and 1.3570.” GBP subsequently fluctuated between 1.3531 and 1.3567 before closing at 1.3547 (+0.05%). The price action provides no fresh clues. Today…
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