The British Pound slipped below the 1.3475 level against the US Dollar before recovering, with intraday trading expected to range between 1.3470 and 1.3520, according to FX Street.
UOB’s Quek Ser Leang highlighted a growing downside momentum, suggesting there is room for further weakness in the GBP/USD pair. However, he noted that the major support level at 1.3410 may not be challenged immediately.
For Japanese investors, monitoring GBP/USD movements remains important as fluctuations can impact cross-currency trades and risk sentiment in FX markets.