GBP/USD outlook turned to neutral – UOB

The research team at UOB Group has shifted its focus to neutral in GBP/USD.

Key Quotes

“We turned neutral yesterday but were of the view that the prevalent rebound in GBP has room to extend higher to test 1.4380 and 1.4450”.

“GBP rose quickly and touched a high of 1.4348 before easing off. As highlighted yesterday, as long 1.4105/10 is not taken out in these few days, we will continue to expect GBP to move higher”.