Created
: 2025.09.01
2025.09.01 19:35
Slight increase in upward momentum is likely to lead to a higher range of 1.3475/1.3535 rather than a sustained advance. In the longer run, Pound Sterling (GBP) is likely to continue to range-trade; a narrower range of 1.3420/1.3560 is likely to enough to contain the price movements, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
24-HOUR VIEW: "After our expectation for GBP to test 1.3545 did not materialise, we stated last Friday that 'the underlying tone still appears firm, and there is a chance for GBP to test 1.3545.' Our view turned out to be incorrect, as GBP dropped to a low of 1.3447 before staging a sharp and swift rebound to a high of 1.3518. GBP closed marginally lower at 1.3503 (-0.03%). There has been a slight increase in upward momentum, but this is likely to lead to a higher range of 1.3475/1.3535 rather than a sustained advance."
1-3 WEEKS VIEW: "In our most recent narrative from last Thursday (28 Aug, spot at 1.3500), we stated that GBP 'is likely to trade in a range between 1.3395 and 1.3575.' GBP is likely to continue to range-trade, but a narrower range of 1.3420/1.3560 is likely enough to contain the price movements for now."
Created
: 2025.09.01
Last updated
: 2025.09.01
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy