GBP/USD sticks to the 1.3500-1.3680 range – UOB

24-hour view: “Our expectations for GBP to ‘weaken to 1.3545’ did now not materialize as it traded between 1.3568 and 1.3636 earlier than closing mostly unchanged at 1.3589. The underlying tone nevertheless seems to be tender and we proceed to see room for GBP to weaken to 1.3545. However, the important help at 1.3500 is now not predicted to come underneath threat. On the upside, a ruin of 1.3635 (minor resistance is at 1.3620) would point out that the contemporary slight downward strain has eased.”

Next 1-3 weeks: “There is no exchange in our view from the day gone by (12 Oct, spot at 1.3590). As highlighted, the current build-up in shorter-term upward momentum has fizzled out. The present day motion is seen as section of a consolidation and GBP is possibly to change inside a 1.3500/1.3680 vary for

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