According to UOB, the GBPUSD pair, currently trading at 1.22382, might enter a period of consolidation.

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GBPUSD Chart by TradingView

GBP/USD is now expected to navigate within the 1.2100/1.2380 range in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

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