GBP/USD: Gains through 1.2860 would provide a little more upside momentum – Scotiabank

Market news

25 July 2023

GBP/USD: Gains through 1.2860 would provide a little more upside momentum – Scotiabank

GBP/USD edges up from the 1.28 area. Economists at Scotiabank analyze the pair’s outlook.

Intraday patterns support the idea of stabilization around the 1.2800/20 zone

Sterling’s drift off the mid-July high looks to be steadying. After seven consecutive daily losses, the Pound is trading net higher on the day so far.

Intraday patterns support the idea of stabilization – at least – around the 1.2800/20 zone.

Gains through 1.2860 intraday would be positive and provide a little more upside momentum for the Pound.

USD/CAD: Consolidation ahead of a renewed push lower in the days ahead – Scotiabank

US Dollar uptrend continues before the Fed meeting gets underway

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.