The Pound Sterling (GBP) is expected to trade in a 1.3325/1.3410 range. In the longer run, current price movements are likely part of a range trading phase between 1.3300 and 1.3430, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
Trading sideways for the time being
24-HOUR VIEW: “Yesterday, GBP traded between 1.3350 and 1.3423, close to our expected range of 1.3340/1.3420. Momentum indicators are mostly neutral, and further range trading appears likely. Expected range for today: 1.3325/1.3410.
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