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
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
My Top 5 Stock Market Predictions for 2026Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Gold (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the monthly top and climbs back closer to the $5,200 mark during the Asian session on Wednesday.
Impacted by signs of easing geopolitical risks in the Middle East, international gold prices (XAUUSD) rebounded sharply after previously falling to the $4,100 level, at one point climbing
Related Instrument
