Pound Sterling (GBP) is entering Thursday’s American session flat against the US Dollar (USD) with relative gains against all of the G-10 currencies with the exception of Swedish Krona (SEK) and Norwegian Krone (NOK), Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP to remain bullish medium-term
"The absence of domestic data releases and central bank events leaves the pound vulnerable to trading on broader developments and the market tone, with some risk from the ECB as well. We see the balance of risk as being tilted to the upside, and remain bullish GBP from a longer-term perspective."
"GBP/USD appears to be consolidating following an impressive 7-session rally however we see no major resistance ahead of the September 2024 high around 1.34. Near-term support is expected between 1.3220 and 1.32."
Related Articles
Wells Fargo 2Q25 Earnings Preview
TradingKey - Wells Fargo will release its 2Q25 earnings on July 15th before the market opens. The expectations for the quarter are the following:2Q25 Earnings per share: $1.41 estimate vs 2Q24 actual of $1.33 (+6% y/y) . 2Q25 Revenue: $20.76bn estimate vs 2Q24 actual of $20.69bn (+3% y/y).jpg)
Q2 2025 Earnings Season Preview: The First Test Under Trump’s Tariffs — Could Low Expectations Bring Surprises?
TradingKey - Mid-July will mark the first earnings season since President Donald Trump’s tariff policy took effect, offering investors a glimpse into how American companies are handling the impact of trade tensions. Analysts believe that with low expectations heading into Q2, it may be easier for
BEST ETFs to BUY in July 2025
TradingKey - After a sharp V-shaped recovery in April and choppy gains through May, U.S. stocks accelerated their rally in June despite escalating Middle East tensions. The S&P 500 and Nasdaq Composite hit fresh year-to-date highs, underscoring the market’s resilience.
Prediction! Federal Reserve Chairman Jerome Powell's Next Move Will Be an Interest Rate Cut
The Federal Reserve must balance the risks of higher inflation with the risks of higher unemployment when making decisions on interest rates.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were..
