GBP/USD Points to Rangebound Between 1.4300 and 1.4550 – UOB
18 May 2016, 11:02
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GBP/USD Points to Rangebound Between 1.4300 and 1.4550 – UOB
The research team at UOB Group expects GBP/USD to trade in a 1.4300-1.4550 range in the next 1-3 weeks.
Key Quotes
“GBP touched a high of 1.4524 but eased off quickly. We
have held a neutral stance for 2 weeks now and there is no change to
the view”.
“From here, GBP is expected to trade in a broad sideway range, likely between 1.4300 and 1.4550”.
