#GBPUSD @ 1.11560 to move in a range of 1.00-1.10 over the coming months – UBS

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Sterling has come back under renewed pressure. Economists at UBS expect the GBP/USD to trade in a range of 1.00-1.10.

“With markets still concerned about the viability of the government’s fiscal plans, we think the pound will likely remain volatile, trading in a range of 1.00-1.10 against the US dollar over the coming months.”

“Worries over the financial stability of the UK is also feeding into broader market risk aversion – which is also positive for the US dollar.”

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