BoE about to get more dovish? GBP/USD bearish bias - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank suggested that this week’s focus will prove the ECB decision as well as the BoE minutes, where a more dovish tone is likely to emerge.

Key Quotes:

"GBP/USD short‐term technicals: bearish—however most signals are warning more of a range bound than trending environment. Over the last two weeks, GBP has ranged from 1.5035 to 1.5274, a range which is likely to hold in the near‐term and a break of which will provide clues to near‐term direction; however technically, all signals still warn of downside risk."