GBP/USD still seen within 1.3450-1.3645 – UOB

Market news

15 February 2022

GBP/USD still seen within 1.3450-1.3645 – UOB

GBP/USD is expected to keep trading between 1.3450 and 1.3645 in the next weeks, suggested FX Strategists at UOB Group.

Key Quotes

24-hour view: “Our expectations for GBP to ‘trade sideways between 1.3530 and 1.3610’ yesterday were incorrect as it dropped to 1.3495 before rebounding to close at 1.3532 (-0.21%). Despite the decline, downward momentum has barely improved and GBP is unlikely to weaken much further. For today, GBP is more likely to trade between 1.3490 and 1.3570.”

Next 1-3 weeks: “Our view from last Friday (11 Feb, spot at 1.3550) still stands. As highlighted, GBP is likely trade between 1.3450 and 1.3645 for now.”

Currencies. Daily history for Tuesday, February 15, 2022

Commodities. Daily history for Monday, February 14, 2022

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