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1 Feb 2016
GBP/USD neutral in the near-term – UOB
FXStreet (Edinburgh) - The research team at UOB Group has reiterated the neutral bias on GBP/USD in the next weeks.
Key Quotes
“The sharp drop last Friday indicates that the 1.4410/15 high is the extent of the corrective rebound and the ideal level of 1.4450 mentioned previously is not met”.
“The outlook from here is rather mixed and this pair is expected to trade in a broad 1.4080/1.4420 range, at least for another several more days”.
Key Quotes
“The sharp drop last Friday indicates that the 1.4410/15 high is the extent of the corrective rebound and the ideal level of 1.4450 mentioned previously is not met”.
“The outlook from here is rather mixed and this pair is expected to trade in a broad 1.4080/1.4420 range, at least for another several more days”.