GBP/USD Price Forecast: Looks to build on move beyond 1.3100; not out of the woods yet
The GBP/USD pair reverses a modest Asian session dip and climbs back above the 1.3100 mark in the last hour amid a modest US Dollar (USD) downtick on Monday. However, the uncertainty surrounding the upcoming UK budget and rising bets for an interest rate cut by the Bank of England (BoE) next month should act as a headwind for spot prices. Read more…
GBP/USD: Likely to trade between 1.3065 and 1.3125 – UOB Group
Pound Sterling (GBP) could trade between 1.3065 and 1.3125. In the longer run, there is room for GBP to test the significant support level at 1.3000, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Read more…