FXstreet.com (Barcelona) - The British Pound has remained rather flat during Wednesday's Asian session between lows around 1.4220 and highs around 1.4270, after a partial recovery from two-weeks low at 1.4112 reached on Tuesday.

According to the Mataf.net technical team, the Pound will remain within the current consolidation channel for some time: GBP USD is in a range between 1,4130 and 1,4320. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.