GBP/USD to enjoy further gains toward the mid/upper 1.22s – Scotiabank GBPUSD Banks
retests mid-1.21s. Economists at Scotiabank expect the pair to extend its advance toward the mid/upper 1.22s.“A strong close on the session Friday and a close back above the 200-day MA are clearly GBP positive from a technical point of view.”
“Spot is struggling a little to extend through the mid-1.21s, which may be an early warning that gains may not stick but the basic set-up for the Pound is positive and favours near-term gains to the mid/upper 1.22s at least.” 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.
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