- Analytics
- News and Tools
- Market News
- GBP/USD to slide towards the 1.1710/00 area in the coming days – Scotiabank
GBP/USD to slide towards the 1.1710/00 area in the coming days – Scotiabank
There is nothing in terms of good news for the UK or the GBP. Economists at Scotiabank expect the GBP/USD to slump towards the 1.17100/00 region.
Prospects for sterling remain very dim
“Prospects for sterling remain very dim but a lot of bad news may already be priced into the GBP outlook – which might be the best we can say about the pound for now.”
“A drop to the 1.17000/10 is the least we can expect from the GBP in the coming days.”
“Resistance is 1.1840 and 1.1925/30.”
“Key resistance – and safe ground for the GBP – is 1.2005 (double top trigger) but that looks too distant to be relevant from a short-term point of view.”
© 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
