19 Dec 2014
GBP/USD soft into the closing hours - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained that GBP is soft, but still trading within its six week 1.5541 to 1.5826 range.
Key Quotes:
“News flow was light today leaving GBP following the broader trends, including USD strength against the majors”.
“Next week, the release of the final GDP print and the current account are unlikely to sway markets materially."
"GBP/USD short‐term technicals: mixed suggesting that the range continues to be the theme and accordingly 1.5541 and 1.5826 can be used as support and resistance levels."
Key Quotes:
“News flow was light today leaving GBP following the broader trends, including USD strength against the majors”.
“Next week, the release of the final GDP print and the current account are unlikely to sway markets materially."
"GBP/USD short‐term technicals: mixed suggesting that the range continues to be the theme and accordingly 1.5541 and 1.5826 can be used as support and resistance levels."