The research team at UOB Group expects the pair to remain in a rangebound fashion in the next 1-3 weeks. Key Quotes “GBP retested the 1.4565/70 resistance but dropped quickly from the high of 1.4571. The recent choppy movement has resulted in a mixed outlook and further sideway trading is likely for today”. “There is not much to add as GBP continues to trade choppily within a confined range. We remain neutral and expect this pair to trade in a broad 1.4350/1.4650 for another week or so”. For more information, read our latest forex news.