United Overseas Bank maintains a bearish outlook for GBP/USD, citing resistance at 1.3245 and potential downside to 1.3110.
GBP/USD remains trapped in a tight range, with intraday movements confined between 1.3175 and 1.3225. The lack of clear momentum reflects broader uncertainty in the pair’s near-term direction.
Analysts at UOB retain a negative 1–3 week view, warning of a possible drop toward 1.3110 if support levels falter. Strong resistance at 1.3245 continues to cap any upward attempts, reinforcing the bearish bias.
No immediate market reaction was reported, as traders await further catalysts to break the current stalemate.