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UOB: The British pound/US dollar may decline but may not touch the important support at 1.3000.
On October 14, UOB analyst believes that the British pound will continue to maintain a volatile trend in the short term, but downward pressure may increase. If the British pound fails to break through the key resistance level of 1.3125, it may further decline. Although 1.3000 provides strong support, the possibility of reaching that level in the short term is unlikely. Technical analysis shows that the British pound lacks clear momentum in the short term, and prices may fluctuate within a narrow range. If the British pound continues to stay below 1.3090, it may further decline to around 1.3070. However, due to the strong support at 1.3000, the British pound is unlikely to see a sharp decline.