Thursday , 16 January 2025
Home Forex GBP/USD: Set to face significant support at 1.2100 – UOB Group
Forex

GBP/USD: Set to face significant support at 1.2100 – UOB Group

The Pound Sterling (GBP) is likely to trade in a 1.2150/1.2275 range. In the longer run, deeply oversold conditions signal GBP could trade in a range for a couple of days; any decline is expected to face significant support at 1.2100, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ECB’s Centeno says interest rate will continue ideally toward 2%

European Central Bank governing council member and Portugal central bank governor Mario...

Japan December PPI +0.3% m/m (expected +0.4%) 3.8% y/y (expected 3.8%)

Japan Producer Prices, December 2024+0.3% m/m expected +0.4%, prior 0.3%3.8% y/y expected...

Goldman Sachs say cooler-than-expected core CPI support Fed easing cycle still in progress

The CPI data from the US:Forexlive Americas FX news wrap 15 Jan:...

A majority of Japanese companies see wage hikes as a priority investment area this year

Reuters Japan Corporate Survey:A third of Japanese companies see the labour shortfall...