In view of the research team at UOB Group, the pair’s outlook could turn to bullish above 1.4305. Key Quotes “GBP dropped initially to a low of 1.4053 before staging a remarkable turnaround to close higher at 1.4257 (high of 1.4274)”. “Extension higher will not be surprising but 1.4305 is a major resistance and this level would not be easy to break”. “However, only a move above 1.4305 would indicate that our view is wrong”. For more information, read our latest forex news.