According to UOB, the GBPUSD pair at 1.29014 appears to have entered a period of consolidation.

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GBPUSD Chart by TradingView

Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group note GBP/USD is now likely to trade within the 1.2800-1.3100 range in the next few weeks.

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