GBP tracks peers on the day – Scotiabank

Source Fxstreet

Pound Sterling (GBP) is softer on the session, in line with its G10 peers, Scotiabank's Chief FX Strategist Shaun Osborne notes. 

Short-term price patterns may be tilting negative

"There were no UK data reports today, leaving the pound to essentially track the general trend in the USD once again. UK pay and employment data tomorrow are, however, likely to bolster the case for only cautious easing steps from the BoE in the coming months, proving something of a cushion for the pound."

"GBP gains may be slowing. The broader bull trend looks solid but short-term price action suggests Cable has reached a minor peak at least just above 1.30. Loss of support at 1.2955 will trigger a little more weakness intraday and tilt the daily pattern of price action a little more negative potentially."
 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Q4 Earnings Season Set to Begin: Can US December CPI Data Bolster Rate Cut Case? [Weekly Preview]U.S. stocks kicked off 2026 with a rally as the market bets on economic growth and remains optimistic that the Federal Reserve will further cut interest rates this year. The fourth-quarte
Author  TradingKey
6 hours ago
U.S. stocks kicked off 2026 with a rally as the market bets on economic growth and remains optimistic that the Federal Reserve will further cut interest rates this year. The fourth-quarte
placeholder
Solana Future: From high-speed experiment to corporate treasury playbook for the next SOL cycleSolana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
Author  Mitrade
8 hours ago
Solana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.
placeholder
WTI maintains position above $59.00 as supply risks growWest Texas Intermediate (WTI) Oil price extends its gains for the third successive session, trading around $59.10 per barrel during the Asian hours on Monday. Crude Oil prices rise as supply risks grow amid escalating protests in Iran.
Author  FXStreet
9 hours ago
West Texas Intermediate (WTI) Oil price extends its gains for the third successive session, trading around $59.10 per barrel during the Asian hours on Monday. Crude Oil prices rise as supply risks grow amid escalating protests in Iran.
placeholder
Trump’s Tariff Ruling Lands Today: Market to Rise or Fall — The Decision Will TellGlobal financial markets demonstrated strong performance at the beginning of 2026, fostering an optimistic atmosphere for early-year trading; however, this upward trend may face its first
Author  TradingKey
Jan 09, Fri
Global financial markets demonstrated strong performance at the beginning of 2026, fostering an optimistic atmosphere for early-year trading; however, this upward trend may face its first
placeholder
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple — BTC, ETH and XRP defend key support as rebound scenario stays in playBTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
Author  Mitrade
Jan 09, Fri
BTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.
Related Instrument
goTop
quote