GBP/USD holds last week’s range in quiet trade – Scotiabank
Source Fxstreet
The Pound Sterling (GBP) is up modestly on the day versus a generally softer USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP/USD modestly firmer
"The UK, like everyone else, is waiting to see what emerges from the early days of the new Trump term on trade. The US is a key export market for the UK but trade flows are strongly services-oriented which may leave the UK a little less susceptible to tariff action."
"Cable is holding last week’s trading range. Intraday price action suggests good support on dips to the upper 1.21 area and broader price action last week suggested the GBP decline may have stalled. A positive week for the GBP this week will lift prospects for a push back towards 1.23/1.24."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The US labor market is set to take center stage this week as fresh concerns mount that the economy may be losing its momentum — a sentiment echoed by recent slower growth and worrisome fundamental data.
Nvidia stock sinks 4% as Trump’s tariff plans rattle AI tradeNvidia shares fell over 4% early Monday after US President Donald Trump delivered a stern message about trade tariffs. Trump said on Sunday that no country would be given any special treatment regarding tariffs. He also signed new trade policies into effect on April 2, which he calls “Liberation Day.” This frightened investors, who had […]
Nvidia shares fell over 4% early Monday after US President Donald Trump delivered a stern message about trade tariffs. Trump said on Sunday that no country would be given any special treatment regarding tariffs. He also signed new trade policies into effect on April 2, which he calls “Liberation Day.” This frightened investors, who had […]
XRP Price Set For ‘Hot’ April With Low Fibonacci Levels And High $5-$8 TargetThe past 24 hours have been challenging for XRP holders. A sharp 5.8% decline in price has brought the asset close to testing critical support around $2, with selling pressure currently dominating XRP’s trading volume. The sentiment is turning bearish, but one analyst is confident in the cryptocurrency’s long-term trajectory, predicting that the altcoin is […]
The past 24 hours have been challenging for XRP holders. A sharp 5.8% decline in price has brought the asset close to testing critical support around $2, with selling pressure currently dominating XRP’s trading volume. The sentiment is turning bearish, but one analyst is confident in the cryptocurrency’s long-term trajectory, predicting that the altcoin is […]
Gold price (XAU/USD) edges higher again for a second day this week and for the first day of the second quarter of 2025.
Gold price (XAU/USD) attracts some dip-buyers during the Asian session on Wednesday and stalls the previous day's modest retracement slide from a fresh record high.
Related Instrument
