GBP/USD: Scope for more gains towards the 1.25 area on a break above 1.23 – Scotiabank

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GBP/USD: Scope for more gains towards the 1.25 area on a break above 1.23 – Scotiabank
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GBP/USD: Scope for more gains towards the 1.25 area on a break above 1.23 – Scotiabank GBPUSD Banks

Price action looks consolidative ahead of another push higher

Spot gains through the 55-Day Moving Average and developing bullish trend momentum on the intraday and daily studies suggest scope for more GBP gains towards the 1.25 area in the short run on a break above 1.23.” 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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