The GBPUSD pair is currently trading at 1.25085. The downward pressure on the pair has eased, particularly above the level of 1.2555, according to UOB analysts.

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GBPUSD Chart by TradingView

Further decline in GBP/USD appears not favoured while above 1.2555, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

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