GBP/USD to retest the 1.2450/60 zone and extend towards 1.26/1.27 – Scotiabank GBPUSD Banks
remains firmafter having reached a fresh multi-month high of 1.2443 on Tuesday. Economists at Scotiabank expect the GBP/USD pair to attack the 1.2450/60 area.“Cable is well-supported against rising, short-term trend support off the early Nov low at 1.2320 intraday.”
“The GBP appears to be consolidating ahead of another push higher to retest the 1.2450/60 zone and extend towards 1.26/1.27.”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.
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