According to FX Strategists at UOB Group, Cable is expected to navigate within the broad 1.2235/1.2460 range in the next weeks. Key Quotes 24-hour view: “Instead of trading in a “volatile manner and within a wide range”, GBP traded in a relatively quiet manner between 1.2276 and 1.2357, much narrower than our expected range of 1.2265/1.2400. The rapid decrease in volatility has resulted in a mixed outlook and GBP could continue to trade sideways for today, likely between 1.2285 and 1.2365″. Next 1-3 weeks: “GBP traded in a relatively quiet manner last Friday and registered an ‘inside day’ before closing little changed at 1.2333 (+0.03%). For now, there is no change to our view from early last Friday (04 Oct, spot at 1.2335) wherein the recent weak phase has stabilized and GBP is expected to trade sideways within a broad 1.2235/1.2460 range”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next JPY Futures: cautiously neutral near term FX Street 3 years According to FX Strategists at UOB Group, Cable is expected to navigate within the broad 1.2235/1.2460 range in the next weeks. Key Quotes 24-hour view: "Instead of trading in a "volatile manner and within a wide range", GBP traded in a relatively quiet manner between 1.2276 and 1.2357, much narrower than our expected range of 1.2265/1.2400. The rapid decrease in volatility has resulted in a mixed outlook and GBP could continue to trade sideways for today, likely between 1.2285 and 1.2365". Next 1-3 weeks: "GBP traded in a relatively quiet manner last Friday and registered an 'inside day' before closing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
