Note

GBP/USD TO SEE ADDITIONAL GAINS TO 1.3000 IN THE NEXT FEW WEEKS – SCOTIABANK

guntur360
· Views 35



Cable’s gains are holding comfortably in the mid-1.2800s, the highest for the pound since last July. Economists at Scotiabank analyze GBP/USD outlook.

Cable consolidates solid gains through recent range ceiling

Sterling’s gains through the low 1.2800s last week take Cable out of its long-standing trading range and target additional gains to 1.3000 in the next few weeks, potentially.

Short-term price action looks more consolidative, however, with spot holding well within Friday’s range


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related