GBP/USD keeps the rangebound intact – UOB

GBP/USD is seen extending its sideline theme in the next 1-3 weeks, suggested Strategists at UOB Group.

Key Quotes

“The choppy swings in GBP have resulted in a very mixed outlook. Further whippy trading is expected for today, likely within a broad 1.2350/1.2500 range”.

“GBP traded in a choppy manner yesterday but stayed well within the expected sideway consolidation range of 1.2250/1.2550. The outlook remains mixed and we continue to stay neutral for now”.