Select Language

GBP/USD: Likely to consolidate in a range of 1.3455/1.3525 - UOB Group

Breaking news

GBP/USD: Likely to consolidate in a range of 1.3455/1.3525 - UOB Group

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.10.02 17:59
GBP/USD: Likely to consolidate in a range of 1.3455/1.3525 - UOB Group

update 2025.10.02 17:59

Pound Sterling (GBP) is likely to consolidate in a range of 1.3455/1.3525. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP is likely to trade in a range

24-HOUR VIEW: "We expected GBP to "trade in a range of 1.3415/1.3470" yesterday. We did not anticipate the increase in volatility, as GBP rose sharply to a high of 1.3527 and then retreated to close at 1.3477 (+0.21%). The brief advance did not result in any significant increase in upward momentum, and GBP is unlikely to rise much further. Today, GBP is more likely to consolidate in a range of 1.3455/1.3525."

1-3 WEEKS VIEW: "Two days ago (30 Sep, spot at 1.3435), we highlighted that the recent 'weakness in GBP has stabilised,' and we were of the view that GBP 'is likely to trade in a range between 1.3360 and 1.3525.' Yesterday, GBP rose briefly and slightly above 1.3525 (high was 1.3527), before retreating quickly. There has been no clear increase in upward momentum, and we continue to expect GBP to trade between 1.3360 and 1.3525 for now."


Date

Created

 : 2025.10.02

Update

Last updated

 : 2025.10.02

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

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.

Was this article helpful?

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].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

USD/CNH is expected to consolidate between 7.1200 and 7.1380 - UOB Group

US Dollar (USD) is expected to consolidate between 7.1200 and 7.1380. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.10.02 19:31

GBP gains on hot inflation expectations - BBH

Pound Sterling (GBP) is firmer against USD and steady versus EUR after the BoE's September survey revealed a surprise uptick in inflation expectations.
New
update2025.10.02 19:28

USD/JPY: Sharp declines appear excessive - UOB Group

US Dollar (USD) is likely to trade in a range between 146.70 and 148.00. In the longer run, sharp declines appear excessive, but USD could drop to 146.30. The odds for a continued decline below this level are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.10.02 19:25

USD/CHF drifts away from 0.7975 highs despite soft Swiss inflation data 

The US Dollar is trimming Wednesday gains on Thursday, pulling back to session lows near 0.7950. The generalised US Dollar weakness has offset the negative impact on the Swiss Franc from softer-than-expected inflation data.
New
update2025.10.02 19:22

USD slides as labor data disappoints - BBH

USD remains under downside pressure against most major currencies. Global equity markets continue to edge higher while bond markets are treading water. The September US Challenger job cut announcement data is today's highlight (12:30pm London, 7:30am New York), BBH FX analysts report.
New
update2025.10.02 19:13

ECB's Kazaks: Current interest rate level is very appropriate

European Central Bank (ECB) policymaker Martins Kazaks said on Thursday that "current interest rate level is very appropriate."
New
update2025.10.02 18:54

USD/JPY returns below 147.00 amid generalized Dollar weakness

The US Dollar has reversed earlier gains against the Japanese Yen, and retreated below the 147.00 level on the European morning session, turning negative on daily charts and hitting session lows at 146.75 so far.The pair has come under increasing bearish pressure, with the US Dollar losing ground ac
New
update2025.10.02 18:45

BoE DMP Survey: UK firms' inflation expectations seen higher at 3.5% in the September quarter

The latest Bank of England (BoE) Decision Maker Panel (DMP) quarterly survey released on Thursday showed that "one-year ahead expected CPI inflation by the UK firms edged slightly higher to 3.5% in the quarter to September."
New
update2025.10.02 18:22

Dow Jones futures remain steady as traders expect brief government shutdown

Dow Jones futures hover near 46,700 during European hours on Thursday, ahead of the regular session opening in the United States (US). However, the S&P 500 futures advance 0.17% to stay above 6,750, while Nasdaq 100 futures rise 0.37% to break above 25,100.
New
update2025.10.02 18:17

NZD/USD: Likely to test 0.5840 before the risk of a pullback increases - UOB Group

There is a chance for New Zealand Dollar (NZD) to test 0.5840 before the risk of a pullback increases. In the longer run, NZD has likely moved into a 0.5770/0.5865 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.10.02 18:12

Disclaimer:arw

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.

  • Facebook
  • Twitter
  • LINE

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

I agree
share
Share
Cancel