GBP/USD likely to consolidate ahead – UOB

FXStreet (Barcelona) - Analysts at UOB Group, expect GBP/USD to trade in the 1.5330-1.5420 range for today.

Key Quotes

“Waning downward momentum and oversold condition suggests that GBP is entering a consolidation phase (before moving lower at a later stage). Range trading is expected for today, likely between 1.5330 and 1.5420.”