GBP/USD holds last week’s range in quiet trade – Scotiabank

Source Fxstreet

The Pound Sterling (GBP) is up modestly on the day versus a generally softer USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.

GBP/USD modestly firmer

"The UK, like everyone else, is waiting to see what emerges from the early days of the new Trump term on trade. The US is a key export market for the UK but trade flows are strongly services-oriented which may leave the UK a little less susceptible to tariff action."

"Cable is holding last week’s trading range. Intraday price action suggests good support on dips to the upper 1.21 area and broader price action last week suggested the GBP decline may have stalled. A positive week for the GBP this week will lift prospects for a push back towards 1.23/1.24."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
200,000 New Investors Buy Ripple (XRP) 30-Days After Gensler’s Farewell: What Next for Stellar (XLM)? Ripple (XRP) price consolidated around $2.40 on Thursday, up 11% since Monday, technical indicators suggest Stellar (XLM) has joined the rally.
Author  FXStreet
Yesterday 02: 31
Ripple (XRP) price consolidated around $2.40 on Thursday, up 11% since Monday, technical indicators suggest Stellar (XLM) has joined the rally.
placeholder
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH and XRP show some strengthBitcoin (BTC) consolidated between $94,000 and $100,000 in the last nine days.
Author  FXStreet
Yesterday 05: 46
Bitcoin (BTC) consolidated between $94,000 and $100,000 in the last nine days.
placeholder
Crude Oil price today: WTI price bullish, according to FXStreet dataWest Texas Intermediate (WTI) Oil price advances on Friday, according to FXStreet data.
Author  Mitrade
Yesterday 09: 19
West Texas Intermediate (WTI) Oil price advances on Friday, according to FXStreet data.
placeholder
Gold on its way to hit another fresh all-time highGold’s price (XAU/USD) edges higher, trading at around $2,935 at the time of writing on Friday, and holds good cards to close out this week with a new all-time high and solid gains.
Author  FXStreet
Yesterday 09: 47
Gold’s price (XAU/USD) edges higher, trading at around $2,935 at the time of writing on Friday, and holds good cards to close out this week with a new all-time high and solid gains.
Related Instrument
goTop
quote