GBP/USD: Likely to test the support at 1.3445 – UOB Group

  • Pound Sterling (GBP) could test the significant support at 1.3445 against US Dollar (USD); oversold conditions suggest a clear break below this level is unlikely. In the longer run, outlook for GBP remains negative; the next technical target is at 1.3445, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.