GBP/USD: Struggles to gain momentum through upper 1.26s – Scotiabank
FXStreetDec 3, 2024 12:52 PM
The Pound Sterling (GBP) is registering a very marginal gain on the USD on the session but it is trading flat effectively Scotiabank’s Chief FX Strategist Shaun Osborne notes.
GBP holds narrow range
“There were no UK data reports today to shape trading and the pound is marking time in ranges along with its major currency peers.”
“Sterling has stalled in the upper 1.26s, with the pound making hard work of promising gains on the short-term charts. The potential for a bit more strength in the pound remains but, realistically, this is not something that is likely to develop without other currencies making a move against the USD as well. Resistance is 1.2760. Support is 1.2610.”
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
[Reuters Analysis] Trump adopts messenger-in-chief role after Charlie Kirk's death
By Trevor Hunnicutt and Steve Holland WASHINGTON, Sept 14 (Reuters) - Since the U.S. conservative activist Charlie Kirk was shot in a brazen display of violence, President Donald Trump has embraced the role of spokesman in an extraordinary way.Trump was first to confirm the news to a country in sReuters
4 hours ago
[Reuters Breakingviews] China has yet to win the global power struggle
By Hugo Dixon LONDON, Sept 14 (Reuters Breakingviews) - Back-to-back spectacles this month may have given the impression that Beijing’s superpower struggle with the United States is all but over. First, India’s Narendra Modi and Vladimir Putin of Russia held hands as they walked to meet Xi JinpinReuters
4 hours ago
Apple's New Products May Help the Stock, but Services Matter Most Heading Into Fiscal 2026
Key PointsApple's latest iPhones and wearables refresh the lineup, but the higher-margin services business is doing the real heavy lifting.Services now account for close to one-third of the tech giant's revenue, with materially higher margins than hardware.The stock's premium valuation means the invThe Motley Fool
4 hours ago
Investing in Clean Energy
TradingKey - Not so long ago, clean energy was relegated to a niche, a corner for subsidies, early markets, and greens. Now it's at the center of global economic thought. Governments, business, and consumers are driving a structural transformation from fossil fuels to renewables. The roofs are toppeTradingKey
Sat, Sep 13
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.TradingKey
Mon, Sep 8
Tradingkey
