GBP/USD: Gains through 1.2675/1.2685 should be positive – Scotiabank
|GBP/USD nudges lower. Economists at Scotiabank analyze the pair’s outlook.
Losses through 1.2520/1.2525 turn the picture more negative
The GBP/USD pair has drifted back from the mid/upper 1.2600s where recent gains have peaked but a mild, short-term uptrend remains intact.
The broader picture reflects a wide, flat range trade which means the Pound Sterling has a lot of work to do to show some real technical strength.
Gains through 1.2675/1.2685 should be positive.
Losses through the 1.2520/1.2525 zone turn the picture more negative.
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