GBP/USD outlook shifs from bearish to neutral - UOB Group

FXStreet (Barcelona) - The Market Strategy Team at UOB Group believes that GBP/USD looks neutral in the near term.

Key Quotes

"The move above 1.6585 yesterday has shifted the current bearish outlook to neutral. For the next week or so, GBP is expected to trade between the key levels at 1.6460 and 1.6660.”

“Having said that, improving short-term momentum suggests an immediate upside risk but a clear break of 1.6660 appears unlikely at this stage."