GBP: August GDP in line with forecasts – Scotiabank
Source Fxstreet
UK data showed in line with expectations GDP growth in August (+0.2% m/m and the same on the 3m/3m measure), Scotiabank’s FX Chief FX Strategist Shaun Osborne notes.
GBP shows signs of stabilizing around 1.3050
“Industrial and manufacturing activity was stronger than expected in August while construction and services grew a little less than expected. The economy remains on track for a modest rise in growth in Q3 overall. The data had little impact on the Pound Sterling (GBP).”
“Spot losses extended modestly yesterday but there are tentative signs of firmer GBP demand emerging on dips below 1.3050 on the short-term charts and spot is developing—so far today—an inside range consolidation signal on the daily chart. Cable losses may be stabilizing. Resistance is 1.3110/15; gains through here are needed to signal short-term strength.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Brent Crude Oil Price Forecast: Trump Eases Sanctions on Russia, Oil Prices Under Pressure Below $110, Can They Still Rise?On Monday (October 19), Brent (UKOIL) crude oil prices fell noticeably at the open today after a sharp rally last Friday. As of press time, oil prices were down about 2.1%, trading near $
On Monday (October 19), Brent (UKOIL) crude oil prices fell noticeably at the open today after a sharp rally last Friday. As of press time, oil prices were down about 2.1%, trading near $
Bitcoin's double top at $88,000: why $78,000 is the line that decides the next moveBitcoin trades near $82,500 (+0.47%) after twice failing at the $88,000 area, forming a potential double top with a neckline at $78,000. A break below the neckline would project a measured target near $68,200; a close back above $88,000 would invalidate the pattern. Here are the structure, the levels and what would confirm either side.
Bitcoin trades near $82,500 (+0.47%) after twice failing at the $88,000 area, forming a potential double top with a neckline at $78,000. A break below the neckline would project a measured target near $68,200; a close back above $88,000 would invalidate the pattern. Here are the structure, the levels and what would confirm either side.
Brent slips from $110 as Russian supply prospects return — is the five-month rally over?Brent crude traded near $108.06 on Monday (-1.71%), pulling back from last week's $110 high after Washington moved to ease restrictions on Russian oil flows. WTI hovered around $101 before dipping below $99. The retreat is real, but so is the supply-risk premium: Hormuz shipping disruptions, attacks on Saudi energy infrastructure and strikes on Russian refineries remain live. Here are the three numbers, the transmission chain and the levels that matter.
Brent crude traded near $108.06 on Monday (-1.71%), pulling back from last week's $110 high after Washington moved to ease restrictions on Russian oil flows. WTI hovered around $101 before dipping below $99. The retreat is real, but so is the supply-risk premium: Hormuz shipping disruptions, attacks on Saudi energy infrastructure and strikes on Russian refineries remain live. Here are the three numbers, the transmission chain and the levels that matter.
Gold retests $4,200 as dollar and yields retreat — can bullion clear its hardest level?Spot gold traded near $4,175 on Monday (+0.23%), with an intraday high of $4,187.71 after last week's $4,073 ~ $4,217 range; COMEX futures briefly topped $4,200. The dollar slipped to 101.76 and 10-year yields eased from their highs, but October Fed hike odds near 52% and BofA's sub-$4,000 call still cap the upside. Here are the drivers, the levels and what would flip the script.
Spot gold traded near $4,175 on Monday (+0.23%), with an intraday high of $4,187.71 after last week's $4,073 ~ $4,217 range; COMEX futures briefly topped $4,200. The dollar slipped to 101.76 and 10-year yields eased from their highs, but October Fed hike odds near 52% and BofA's sub-$4,000 call still cap the upside. Here are the drivers, the levels and what would flip the script.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 19, 2026. Read on for the details.
Related Instrument
