GBP/USD Outlook Turned to Neutral – UOB
The research team at UOB Group has shifted its focus to neutral in GBP/USD.
“We turned neutral yesterday but were of the view that the prevalent rebound in GBP has room to extend higher to test 1.4380 and 1.4450”.
“GBP rose quickly and touched a high of 1.4348 before easing off. As highlighted yesterday, as long 1.4105/10 is not taken out in these few days, we will continue to expect GBP to move higher”.