Group 1 - The report indicates that the British pound is expected to fluctuate within a range in the short term, with a preliminary target price of around 1.36 [2] - Recent economic data from the UK shows that the GDP grew by 0.3% quarter-on-quarter in Q2, surpassing market expectations of 0.1% [2] - The GBP/USD exchange rate is projected to reach 1.38 by the end of 2025, supported by potential interest rate cuts from the Federal Reserve [2] Group 2 - The report highlights that the recent fluctuations in the US dollar have impacted the short-term outlook for the British pound, which is expected to trade between 1.3433 and 1.363 [2] - The report maintains a neutral to positive outlook for the British pound in the second half of the year, benefiting from the anticipated easing of monetary policy by the Federal Reserve [2]