GBP/USD Momentum Fades After Testing Resistance – UOB

United Overseas Bank (UOB) analyst Quek Ser Leang notes that the British pound has lost momentum against the US dollar. The pair failed to hold onto its recent strong run, retreating after testing a resistance area.

This suggests that the short-term bullish push may have exhausted itself, at least for now. The pullback points to a potential pause or consolidation in the GBP/USD rally.