GBP/USD Ticks Below Key Floor Amid Tentative Downside Momentum
United Overseas Bank's (UOB) analysts Quek Ser Leang and Lee Sue Ann highlighted tentative downside momentum in GBP/USD after the pair slipped to 1.3322 and closed at 1.3342.
The support level of 1.3300 is considered major, and they judge it potentially hard to break.
On a multi-week horizon, they flag the July low at 1.3274 as the next level if bearish momentum extends.