Mixed expectations. GBP can circulate between 1.2390 and 1.2500. In the longest -term, at the present time, GBP is likely to trade in a range of 1.2310/1.2550, Quek Ser Leang and PEER Chia Note in UOB Group.
GBP CAD continues to trade in a volatile man
24 -hour width: “Yesterday, we expected” GBP unification in a range of 1.2460/1.2540. “Our expectation was incorrect, as the GBP fell to 1.2361 before recovery strongly to close it at 1.2438 (-0.54 %). The price procedure led to a mixed look. Today, GBP can continue trading in a volatile way, most likely between 1.2390 and 1.2500.”
1-3 weeks show: “After the GBP height to 1.2550 two days ago, we indicated yesterday (February 06, Al-Baqa at 1.2505) that“ the upscale momentum increases, but not enough to propose a continuous progress. ”We added,“ For continuous progress, it is necessary GBP is to break and remain above 1.2550. ” It is likely to be traded in a range of 1.2310/1.2550.
