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fxAug 3, 2026, 7:47 AM

GBP/USD Rally May Stall Near 1.3555, UOB Warns

GBP/USD saw a spike from 1.3401 to 1.3481, and UOB's Quek Ser Leang sees potential for further gains toward 1.3520, but overbought conditions may limit the advance near 1.3555.

GBPUSD

According to UOB strategist Quek Ser Leang, the British pound's recent spike from 1.3401 to 1.3481 indicates room for additional upside. However, overbought signals suggest the rally could stall near 1.3555.

The note points to a volatile session for GBP/USD, with scope to extend to 1.3520 in the near term, but the pair may struggle to sustain momentum beyond that level.

Source: FXStreet Forex News