UOB analysts forecast further gains for the British pound after a sharp intraday rally against the US dollar.
The British pound climbed to 1.3397 against the US dollar in a sharp intraday advance, closing firmly at 1.3391. The move reflects strong upward momentum, with analysts projecting further gains toward 1.3410 in the near term.
Recent price action follows a sustained rally, though resistance at 1.3445 may limit immediate upside. The pair’s performance aligns with broader USD weakness and improving sentiment around GBP assets.
No immediate market reaction data was provided, but the outlook suggests continued bullish pressure if key levels hold.