GBP/USD: Trading soft short term – Scotiabank

Source Fxstreet

Rightmove House Price data for October were released over the weekend and showed a moderate (0.3%) rise in house prices last month, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

GBP holds trading range around 1.30

“Prices were up 1.0% in the year (down a little from September’s 1.2% gain). Sterling is just along for the ride this morning, tracking losses among the core majors against the USD absent any market-moving news.”

“Cable is soft but holding within its recent trading range. The technical undertone remains weak, leaving spot prone to renewed losses and a retest of last week’s 1.2974 low. Resistance (minor bull trigger potentially) is 1.3065 on the day.”

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
China cuts benchmark lending rates by 25 basis points to boost economic recoveryChina's strategic bid to boost economic growth has led to a cut on benchmark lending rates. The People’s Bank of China announced on Monday that it would lower the rates by 25 basis points. The Chinese Central Bank governor signaled the policy changes during a forum in Beijing on Friday.
Author  Mitrade
10 hour ago
China's strategic bid to boost economic growth has led to a cut on benchmark lending rates. The People’s Bank of China announced on Monday that it would lower the rates by 25 basis points. The Chinese Central Bank governor signaled the policy changes during a forum in Beijing on Friday.
placeholder
Weekly Market Outlook: Tesla Kicks Off Big Tech Earnings; U.S. Election Enters Final StretchTradingKey – This week, key economic data includes U.S. September durable goods orders, the University of Michigan’s October Consumer Sentiment Index, and preliminary PMI data from several countries,
Author  Mitrade
10 hour ago
TradingKey – This week, key economic data includes U.S. September durable goods orders, the University of Michigan’s October Consumer Sentiment Index, and preliminary PMI data from several countries,
placeholder
WTI appreciates to near $69.00 due to PBoC rate cuts, easing geopolitical tensionsWest Texas Intermediate (WTI) Oil price edges higher following a more than 7% decline registered in the previous week, trading around $68.90 per barrel during the Asian hours on Monday.
Author  FXStreet
17 hour ago
West Texas Intermediate (WTI) Oil price edges higher following a more than 7% decline registered in the previous week, trading around $68.90 per barrel during the Asian hours on Monday.
placeholder
Is Amazon a Buy, Sell, or Hold in 2025?Amazon (NASDAQ: AMZN) has certainly pleased investors over the years. In the last five years, the shares' 118% gain outpaced the S&P 500 by about 22 percentage points. Based on the company's long-term growth prospects and valuation, can this continue?
Author  The Motley Fool
17 hour ago
Amazon (NASDAQ: AMZN) has certainly pleased investors over the years. In the last five years, the shares' 118% gain outpaced the S&P 500 by about 22 percentage points. Based on the company's long-term growth prospects and valuation, can this continue?
placeholder
Vitalik Buterin Suggests New Ethereum Upgrades to Safeguard DecentralizationEthereum co-founder Vitalik Buterin has continued his weeklong intervention on how the blockchain network’s Proof-of-Stake (PoS) mechanism can be further improved with a new essay titled “Possible Futures of the Ethereum Protocol, Part 3: The Scourge.”
Author  Beincrypto
17 hour ago
Ethereum co-founder Vitalik Buterin has continued his weeklong intervention on how the blockchain network’s Proof-of-Stake (PoS) mechanism can be further improved with a new essay titled “Possible Futures of the Ethereum Protocol, Part 3: The Scourge.”
Related Instrument
goTop
quote