GBP/USD: Losses could extend towards 1.20/1.21 in the next few weeks – Scotiabank

Notícias do Mercado

15 setembro 2023

GBP/USD: Losses could extend towards 1.20/1.21 in the next few weeks – Scotiabank

Cable’s push higher stalled around the 1.2450 mark. Economists at Scotiabank analyze the GBP/USD outlook.

Strength through 1.2550 resistance is needed to cue up more gains

Short and medium-term trend dynamics are GBP-bearish and loss of support in the mid and upper 1.24s this week points to GBP losses extending towards 1.20/1.21 in the next few weeks.

Cable gains back through the 1.2475 resistance will stabilize trends in the short run. GBP strength through 1.2550 resistance is needed to cue up more gains.

India FX Reserves, USD dipped from previous $598.9B to $593.9B in September 8

Brazil Retail Sales (MoM) above forecasts (0.3%) in July: Actual (0.7%)

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