GBP/USD: Struggles to gain momentum through upper 1.26s – Scotiabank
Source Fxstreet
The Pound Sterling (GBP) is registering a very marginal gain on the USD on the session but it is trading flat effectively Scotiabank’s Chief FX Strategist Shaun Osborne notes.
GBP holds narrow range
“There were no UK data reports today to shape trading and the pound is marking time in ranges along with its major currency peers.”
“Sterling has stalled in the upper 1.26s, with the pound making hard work of promising gains on the short-term charts. The potential for a bit more strength in the pound remains but, realistically, this is not something that is likely to develop without other currencies making a move against the USD as well. Resistance is 1.2760. Support is 1.2610.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The US jobs report could influence the market pricing of the Fed rate outlook and the US Dollar valuation.
Gold price (XAU/USD) drifted higher during the early Asian trading hours on Thursday.
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Investing.com -- FedEx has been downgraded to "Market-Perform" by Bernstein analysts, citing a confluence of execution, event, and policy risks that could weigh on the stock. The price target was redu
France has decided to shake things up in its tax system, and this time, Bitcoin is on the chopping block. T
Related Instrument
