According to UOB, the GBPUSD pair at a rate of 1.24449 is experiencing a decrease in strength, but this decline is slowing down.

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GBPUSD Chart by TradingView

Downward momentum in GBP/USD seems to have lost some traction as of late, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

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