The GBPUSD pair, currently trading at 1.27056, is at risk of experiencing more losses in the coming short-term period, according to UOB.

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GBPUSD Chart by TradingView

UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia suggest GBP/USD could accelerate its downside to the 1.2640 zone in the short-term horizon.

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