UOB analysts expect GBP/USD to trade between 1.3205 and 1.3300 with a slight downside risk after flat momentum.
GBP/USD settled at 1.3250 after minimal intraday movement, reflecting flat momentum and limited directional bias. UOB analysts Quek Ser Leang and Lee Sue Ann noted the pair’s lack of clear trend, favoring near-term range trading between 1.3205 and 1.3300.
The pair’s recent stability follows a period of modest volatility, with prior sessions showing similar consolidation. Analysts highlighted a slight downside risk but no strong catalysts for a breakout in either direction.
No immediate market reaction was reported, as traders await fresh economic data or policy signals to drive momentum.