GBP/USD is now seen within 1.2250 and 1.2430 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
remains consolidative and should navigate the 1.2250-1.2430 range in the next weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “While we expected GBP to weaken yesterday, we were of the view that ‘it is unlikely to break the support at 1.2295’. The anticipated weakness exceeded our expectations as GBP dropped to 1.2285 before recovering. Today, the risk for GBP still appears to be on the downside even though the major support at 1.
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