GBP/USD: More range trading is likely for now – Scotiabank
|Sideways range for the GBP/USD pair in place over the past month or so remains intact, economists at Scotiabank report.
Neither technical chart provides any strong insight into directional risks
Sterling has weakened on the day so far but the GBP/USF pair has edged off the earlier low and holding just below the mid-point of the flat 1.2600-1.2825 trading range in place since mid-December.
More range trading is likely for now.
Neither the daily nor weekly charts are providing any strong insight into directional risks.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.