is predicted to navigate within the 1.3050-1.3250 range in the next weeks, noted FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “Our expectations for GBP to ‘trade sideways’ last Friday were incorrect as it dropped to 1.3087 before settling at 1.3115 . Downward momentum has improved a tad and the bias for today is on the downside. However, any weakness is not expected to challenge the major support at 1.3050 . Resistance is at 1.3125 followed by 1.3150.
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