GBP/USD is still finding support on dips below 1.21. Economists at Scotiabank analyze the pair’s outlook.
A minor bid for the Pound could extend a little more above 1.2160 Trading may remain relatively quiet ahead of the BoE policy decision on Thursday.
Markets expect policy to be left on hold but the GBP may see a minor bid if the voting shows a tight split among the nine policymakers. A minor bid for the Pound could extend a little more above 1.2160 but here too, trend momentum is weak, favouring more range trading. Support is 1.2070 and 1.2040.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD struggles for a firm direction, remains on the defensive around 1.2100 markThe GBP/USD pair continues with its struggle to gain any meaningful traction and oscillates in a multi-day-old trading range, around the 1.2100 mark d
Read more »
GBP/USD Price Analysis: Consolidates above 1.2100 ahead of Fed, BoE decisionsGBP/USD hovers around the 1.2120 level with a negative tone during the Asian session on Monday. The pair moves sideways ahead of the policy meetings o
Read more »
GBP/USD still risks a drop to 1.2040GBP/USD maintains the downside pressure well in place and could revisit the 1.2040 zone in the near term, note UOB Group’s Markets Strategist Quek Ser
Read more »
GBP/USD: Strong Dollar to keep Cable not far from the 1.2050/2100 support regionSterling is trading slightly on the soft side ahead of Thursday's Bank of England (BoE) policy meeting. Economists at ING analyze GBP outlook. EUR/GBP
Read more »
GBP/USD: October low of 1.2037 will be the key support levelEconomists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday.
Read more »
76ers vs Raptors Odds, Picks, and Predictions Tonight: Points At a Premium in ScotiabankNBA odds, picks, and predictions for the Philadelphia 76ers at Toronto Raptors on October 28. NBA betting best bet and free pick analysis.
Read more »