UOB analysts see GBP/USD trading in a 1.3445–1.3495 range with limited upside momentum near term.
The British pound rose to 1.3469 against the US dollar, briefly touching 1.3486, but gains were capped below 1.3555. Short-term momentum remains only slightly firmer, suggesting a lack of strong upward pressure.
Earlier, the pair traded in a lower range, with resistance levels adjusted to reflect modest bullish sentiment. Analysts now expect a tighter 1.3445–1.3495 range rather than a sustained breakout.
No immediate market reaction was reported, as the move aligns with recent consolidation patterns.