In opinion of the research team at UOB Group, the pair remains biased towards a sideline pattern in the next weeks. Key Quotes “While the undertone for this pair appears to be positive, any up-move is not expected to move significantly higher above the 1.4575 peak seen yesterday”. “On the downside, only a move back below 1.4450 would indicate that a short-term top is in place”. “There is no change to our neutral outlook for now. We continue to expect GBP to trade in a broad range, likely between 1.4350 and 1.4650 in the coming days”. For more information, read our latest forex news.