FXStreet (Barcelona) – Analysts at UOB Group, see potential for a GBP/USD dip towards 1.5580, and expect 1.5550 to hold for a move higher towards 1.5660.
Key Quotes
“GBP dipped to a low of 1.5562 before rebounding quickly. While further down-move is not ruled out, the current price action suggests that this pair is trying to form a short-term base for a recovery. From here, allow for a dip 1.5580 but 1.5550 is expected to hold for a move to 1.5660.”
(Market News Provided by FXstreet)