British Pound: Limited downside inside tight corridor against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note GBP/USD has extended its recent pullback but closed almost unchanged around 1.3595. Oversold conditions and slowing momentum suggest further immediate downside is limited, with intraday trade expected between 1.3570 and 1.3620.