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Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD is still expected to navigate the 1.2630-1.2800 range in the next few weeks.
24-hour view: We indicated yesterday that “there is a chance for GBP to test 1.2755 before the risk of a pullback increases.” Our view did not materialize, as GBP traded in a relatively narrow range between 1.2689 and 1.2735 before closing largely unchanged (1.2703, -0.09%). The current price movements are likely part of a consolidation phase and GBP is likely to continue to trade in range, expected to be between 1.2670 and 1.2740.
Next 1-3 weeks: Our update from yesterday (05 Jul, spot at 1.2715) is still valid. As highlighted, for the time being, GBP is likely to consolidate and trade in a range of 1.2630/1.2800
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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