British Pound: Upward momentum building against US Dollar – UOB
United Overseas Bank strategists Quek Ser Leang and Lee Sue report that GBP/USD has rebounded strongly from recent lows, invalidating earlier downside bias. The British Pound (GBP) is now expected to grind higher toward nearby resistance, though gains are seen as gradual and conditional on holding key support levels, with a clearer push to higher targets requiring a decisive break of initial caps.