GBP/USD will trade in a 1.4000-1.4350 range according to UOB.

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Analysts at UOB provided their neutral target for GBP/USD, mentioning that the pair will trade in a range of 1.1400-1.4350.

“We have held a neutral view for more than 3 weeks and since then; both rally and dip in GBP have been unsustainable and short-lived. A move below 1.4105 would indicate that GBP has moved back into a consolidation range (recent high of 1.4348 did not reach our rebound target of 1.4380). In other words, there is no change in our neutral view and we expect this pair to trade in a broad 1.4000/1.4350 range for now.” written in the report.

As of 5:11 PM EDT the GBP/USD was trading at 1.4281, which is 0.66% higher than the previous close.

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