3 weeks GBP/USD: Sharp drop in GBP has scope to extend – UOB Group FXStreet

Sharp drop in GBP has scope to extend; the 1.2245 level is expected to provide support. In the longer run, GBP is likely to trade with a downward bias towards 1.2245, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

GBP USD · Sharp