- Analytics
- News and Tools
- Market News
- GBP/USD remains at risk of falling back under 1.30 – Scotiabank
GBP/USD remains at risk of falling back under 1.30 – Scotiabank
Economists at Scotiabank expect Bank of England's (BoE) Andrew Bailey not to reinforce rate expectations at his next Thursday speech. Subsequently, the GBP/USD pair could slide below the 1.30 level.
Mar retail sales and S&P PMIs next Friday to possibly weigh on the GBP further
“The UK data and events calendar does not pick up until next Thursday when BoE Gov Bailey’s speech at the PIIE may provide hints on the BoE outlook. As things stand, odds are he will not reinforce rate expectations and the GBP remains at risk of falling back under 1.30.”
“Mar retail sales and S&P (formerly Markit) PMIs next Friday will round out the week and possibly weigh on the GBP further.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
