- Analytics
- News and Tools
- Market News
- GBP/USD: A push through 1.3150 is likely in the short run – Scotiabank
GBP/USD: A push through 1.3150 is likely in the short run – Scotiabank
GBP/USD is edging higher, regaining the 1.31 area. Economists at Scotiabank analyze the pair’s outlook.
Sterling retains a comfortable yield advantage over the USD along the curve
Sterling retains a comfortable yield advantage over the USD along the curve which will cushion losses and keep the broader GBP tone positive.
After a couple of sessions of downward drift and consolidation, Cable is perking up again and breaking out – bullishly – from its short-term consolidation range (bull flag).
A push to/through 1.3150 is likely in the short run. Broader trends point to gains extending to 1.33.
Intraday support is 1.3075/80.
© 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
