GBP/USD to recover towards 1.34 on a clear break of the 1.32 level – Scotiabank GBPUSD Banks
has managed to peel away from the 1.31 figure area but it is still too early to call a marked reversal in the pound’s losses since late-Feb, according to economists at Scotiabank. The GBP/USD pair needs to push above 1.32 to open up further gains toward 1.34.“A break of 1.32 looks like the minimum requirement to suggest a possible recovery in the GBP toward 1.34.”
“Support is limited after the 1.31 zone and the recent low of 1.3082, with losses liable to take the GBP to a test of 1.30.”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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