GBP/USD to leg lower? - UOB Group

The Market Strategy Team at UOB Group believe that GBP/USD could see a leg lower before a rebound.

Key Quotes

"While the downward momentum is not strong, there is still no sign of a bottom just yet. Expect another leg lower towards 1.6440 before a bigger rebound can be expected.”

Only a move above 1.6520 would indicate a short-term low is in place."