GBP/USD: 1.44 Still on the Cards – UOB

GBP/USD: 1.44 Still on the Cards – UOB

6 May 2016, 12:31
Roberto Jacobs
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GBP/USD: 1.44 Still on the Cards – UOB

The research team at UOB Group still believes GBP/USD could re-test the 1.4400 area in the near-term.

Key Quotes

“There is no change to our view wherein we expect the current pull-back in GBP to extend lower towards 1.4400”.

“However, as mentioned previously, a sustained move below this level is not expected at this stage”.

“Resistance is at 1.4570 but only a move back above 1.4660 would indicate that a short-term low is in place”.


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