British Pound/US Dollar (GBP/USD) exchange rate shifted to 1.2900 - UOB

According to UOB Group's Economist and Markets Strategist, GBP/USD might yet sail to the 1.2900 level in the next weeks.

Important Quotes

24-hour perspective: Yesterday, we predicted that GBP would rise over 1.2850, but it instead moved in a range of 1.2772/1.2836. GBP appears to be in a consolidation period and will likely trade in a range between 1.2765 and 1.2830. 

Within the next 1-3 weeks: Last Friday (16 June, spot at 1.2780), the most recent narrative stated that "GBP strength is intact and the next level to aim for is 1.2900." A break of 1.2700 (no change in the strong support level) implies that the GBP strength that began more than a week ago has finished.