- Analytics
- News and Tools
- Market News
- GBP/USD still seen within 1.3560-1.3725 – UOB
GBP/USD still seen within 1.3560-1.3725 – UOB
FX Strategists at UOB Group noted Cable is expected to remain side-lined between 1.3560 and 1.3725 in the next weeks.
Key Quotes
24-hour view: “GBP traded in a relatively quiet manner yesterday before settling at 1.3613 (+0.11%). Momentum indicators are mostly neutral and GBP is likely to trade sideways for today, expected to be between 1.3585 and 1.3660.”
Next 1-3 weeks: “On Tuesday (18 Jan, spot at 1.3645), we highlighted that the recent GBP strength has run its course and we expected GBP to trade between 1.3560 and 1.3725. GBP subsequently dropped to 1.3573 before rebounding. While the underlying tone has softened, we continue to expect GBP to trade between 1.3560 and 1.3725. Looking ahead, only a clear break 1.3540 would indicate that GBP is ready to head lower in a sustained manner.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
