Analysts at UOB Group see the pair gathering further upside traction on a close above the 1.4455/60 band. Key Quotes “We have held a neutral view on GBP for close to a month now and since then this pair has traded choppily within a broad 1.4000/1.4455 range”. “Upward momentum is improving rapidly and a daily closing above the late March high of 1.4455/60 would indicate that GBP is ready to move higher in the coming weeks”. “In the meanwhile, this pair is expected to remain underpinned unless there is move back below 1.4240 within these couple of days (1.4300 is already a strong short-term support)”. For more information, read our latest forex news.