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- GBP/USD: Little ahead in terms of resistance until 1.3328 – Scotiabank
GBP/USD: Little ahead in terms of resistance until 1.3328 – Scotiabank
Sterling is strengthening further on Thursday. Economists at Scotiabank analyze GBP/USD outlook.
Spreads support firm gains
Cable is strengthening, with the help of solid yield spreads over the USD.
Sterling is trading higher for a sixth, consecutive daily gain and a 2.8% gain over the period.
GBP/USD is trading well through its 200-Week Moving Average which is support now at 1.2887 and has little ahead of it in terms of resistance until 1.3328 (76.4% retracement of the 2021/22 decline).
See – GBP/USD: Many investors will now be targeting a move to 1.33 assuming a weekly close above 1.30 – ING
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