The Pound Sterling (GBP) is likely to trade in a range, probably between 1.2815 and 1.2870, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.

GBP is likely to trade towards 1.2780

24-HOUR VIEW: “We expected GBP to trade in a range between 1.2810 and 1.2890 yesterday. GBP subsequently traded in a relatively quiet manner between 1.2821 and 1.2866, closing at 1.2837 (-0.18%). Further range trading seems likely, probably in a range of 1.2815/1.2870.”