GBP/USD points to consolidation near term – UOB Group

FXStreet (Edinburgh) - Analysts at UOB Group sees GBP/USD in a consolidative range in the very near term.

Key Quotes

“The high of 1.5220 fell short of the target indicated at 1.5235 yesterday”.

“The subsequent drop from the high is likely part of a broader consolidation range”.

“Expect sideway trading for today, likely between 1.5090 and 1.5200”.