GBP/USD risks a deeper pullback to 1.3050 – UOB

to extend the downside to the 1.3050 region, suggested FX Strategists at UOB Group Quek Ser Leang and Peter Chia.24-hour view: “Our expectations for GBP to ‘trade sideways within a range of 1.3085/1.3145’ were incorrect as it popped to 1.3167 before plummeting to a low of 1.3068 during NY session. Downward momentum is beginning to build and GBP could drop below 1.3050. For today, the major support at 1.3000 is likely out reach. Resistance is at 1.3090 followed by 1.3110.

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