GBP/USD still neutral short-term – UOB

The research team at UOB Group sees unchanged the neutral outlook on GBP/USD for the next 1-3 weeks.

Key Quotes

“GBP inexplicably surged to a high of 1.4664 before reversing as quickly back to a low of 1.4494. The wild swing has resulted in a mixed outlook and further choppy trading is expected for today”.

“The extremely wild swings in recent days have resulted in a mixed outlook for GBP. We have held a neutral stance since the middle of last week and there is no change to view. Further choppy trading is still expected in the coming days, likely within a rather broad 1.4350/1.4730 range”.