GBP/USD: To trade in a sideways range of 1.2550/1.2615 – UOB Group

FXStreet Insights Team FXStreet

Momentum indicators are turning flat; Pound Sterling (GBP) is expected to trade in a sideways range of 1.2550/1.2615 vs US Dollar (USD). In the longer run, upward momentum is beginning to slow; a breach of 1.2525 would indicate that GBP is not strengthening further, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Upward momentum is beginning to slow

24-HOUR VIEW: "We pointed out yesterday that 'although upward momentum has not increased much, there is still a chance for GBP to edge higher today.' However, we were of the view that 'a clear break above 1.2655 still seems unlikely.' GBP subsequently rose to 1.2641, pulling back to close at 1.2586 (-0.22%). Momentum indicators are turning flat, and today, we expect GBP to trade in a sideways range of 1.2550/1.2615."

1-3 WEEKS VIEW: "We turned positive in GBP late last week. After GBP exceeded our initial technical target at 1.2600, we indicated on Monday (17 Feb, spot at 1.2580) that 'further GBP strength appears likely, and the focus now is at 1.2655.' Yesterday, GBP rose to 1.2641 and then pulled back. Upward momentum is beginning to slow, but only a breach of 1.2525 (no change in ‘strong support’ level) would mean that GBP is not strengthening further."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold rebounds ahead of US ADP, will it last?

Gold finds renewed Asian bids and retests $5,230 early Wednesday after the heavy sell-off on Tuesday. The US Dollar stands tall amid escalating Middle East tensions and reduced dovish Fed expectations. Gold defends $5,000 or 50% Fibo level after facing rejection at the 78.6% Fibo resistance at $5,342 amid bullish RSI.