FXStreet (Edinburgh) - In view of the research team at UOB Group, a visit of the 1.40 level remains on the cards. Key Quotes “GBP made a fresh low of 1.4080 but the subsequent strong recovery continues to suggest that this pair is trying to base out for a recovery”. “However, confirmation of a low is only upon a break above 1.4305”. “In the meanwhile, another leg lower to 1.4000 cannot be ruled out just yet even though the odds for such a move appear to be rather slim”. For more information, read our latest forex news.