GBP/USD is marginally stronger. Economists at Scotiabank believe that the pair could reach the 1.31 level if it manages to surpass the 1.3050 region.
“The GBP’s recovery from sub-1.30 stopped in the mid-1.30s that will continue to act as resistance with limited obvious resistance markers between this zone and the 1.31 area.”
“Support after the 1.30 zone and ~1.2980 does not come in until psychological support at the mid-1.29s and more clearly at the 1.29 figure area.”