GBP/USD bearish near-term – UOB

The research team at UOB Group has shifted its outlook on the pair to bearish.

Key Quotes

“We turned bearish GBP yesterday and there is no change to the view”.

“The immediate target is at 1.4200 (with a reasonable high chance for a retest of the recent low at 1.4080) and stop-loss is at 1.4450”.