GBP/USD: Likely to consolidate between 1.3140 and 1.3245 – UOB Group

Pound Sterling (GBP) is likely to consolidate between 1.3140 and 1.3245. In the longer run, GBP is still negative, but it remains to be seen if 1.3100 is within reach during this phase of weakness, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.