In opinion of the research team at UOB Group, GBP/USD’s outlook still points to further downside in the short-term. Key Quotes “Despite the strong short-term rebound, there is no change to the bearish view”. “We believe the current movement is a short-term consolidation that should lead to an eventual move lower to 1.4200. Stop-loss remains unchanged at 1.4450”. For more information, read our latest forex news.