GBP/USD to suffer substantial losses towards the 1.2850 area – Scotiabank

Cable is making new cycle lows in the mid-1.31s. Economists at Scotiabank expect the GBP/USD pair to nosedive towards the 1.2850 zone. Initial resist
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WTI reverses sharply lower from highest since 2008, back to barely higher near $116 with geopolitics in focus

Though still trading with on the daily gains of about than $1.0 in the $116 per barrel area, front-month WTI futures have seen a substantial pullback
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