British Pound: Advance stalled with neutral range view against US Dollar – UOB

UOB analysts say GBP/USD’s recent late-month advance has stalled and is now likely trapped in a sideways range. After dipping to 1.3346, the pair rebounded sharply to 1.3442 before closing at 1.3387, up 0.31%, but the move did not show a meaningful pickup in bullish momentum. Near term, they expect trading between 1.3360 and 1.3430, while the 1-3 week outlook remains neutral with a broader 1.3320-1.3445 range. The bank also flags longer-term support at 1.3210 and 1.3160, implying downside risk remains contained unless those levels break. Overall, the note suggests the pound is consolidating rather than starting a new trend, limiting immediate directional conviction in the pair.