GBP/USD: A sustained advance past 1.2330 is not favoured – UOB – by pabspiovano GBPUSD Currencies Majors Banks
looks unlikely for the time being, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “We expected GBP to edge higher yesterday but we held the view that ‘it is unlikely to break 1.2270’. However, GBP rose to 1.2288 before pulling back sharply to close at 1.2196 . There is hardly any improvement in upward momentum and GBP is unlikely to advance further. Today, GBP is more likely to trade in a range between 1.2160 and 1.2260.
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