GBP/USD firm on the face of it, above 1.3800 - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that GBP/USD is firm on the face of it, reaching the 1.38 level for the first time since Brexit earlier.

Key Quotes:

"But gains are mostly reflecting the rise in EUR/USD in our opinion. EUR/GBP remains slightly better bid overall."

"Rightmove house price data showed prices gaining 0.7% this month and 1.1% in the year, up from 1.0% in Dec which was the slowest pace of appreciation since 2012 – better, but nothing to shout about, in other words."

"Focus remains on Brexit, with the UK government suggesting that formal transition talks will start at the end of the month."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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