GBP/USD: Crawls higher from intraday low in positive, technical fashion – Scotiabank
Source Fxstreet
The Pound Sterling (GBP) is little changed on the session, but the GBP price action is leaning a little more positive, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
GBP nudges higher from intraday low
“UK Composite and Services PMIs were revised up modestly from the flash estimates (to 50.5, from 49.9 and 50.8, from 50.0 respectively). BoE Governor Bailey commented that four rate cuts in 2025 remained his base case.”
“GBP price action is leaning a little more positive, with strong gains off the early European low setting up a bullish impulse on the intraday chart. Key (bull trigger) resistance remains distant at 1.2760/65, however. A push above 1.2700 could signal a bit more intent on reaching towards those levels. Support is 1.2625/30.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Gold nears $4,700 record as US–EU trade war fears ignite haven rushGold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.
Gold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.
Bitcoin options open interest hit $74.1B vs. $65.2B futures as BTC trades at $93,189; Checkonchain flags IBIT/Deribit concentration and a 15% hashrate drop.
Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.
When is the US President Trump’s speech at WEF in Davos and how could it affect EUR/USDUnited States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed after Air Force One was forced to turn around due to a "minor electrical issue".
United States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed after Air Force One was forced to turn around due to a "minor electrical issue".
Related Instrument
