The Pound Sterling (GBP) is currently trading within a range of 1.3290 to 1.3360 against the US Dollar (USD). Analysts at UOB Group, Quek Ser Leang and Peter Chia, suggest that this trading pattern is indicative of potential upward momentum for the currency pair.
In the longer term, the GBP is projected to strengthen further, with a target exchange rate of 1.3410. This anticipated rise could be influenced by factors such as improving economic indicators in the UK and shifting dynamics in the USD market, which may enhance trading opportunities for investors.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 10:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.