Forex
Pound Sterling Holds Firm Against USD, Targets Key Resistance at 1.3600
The British pound's uptrend against the US dollar remains intact, according to United Overseas Bank (UOB) Group's FX strategists.
The bank sees a strong resistance at 1.3600 and notes that while the pair has pulled back from recent highs, the overall structure favors further gains.
The pound is supported by a combination of factors, including a relatively hawkish Bank of England stance compared to the Federal Reserve, and improved risk sentiment in global markets.