GBP/USD More range-trading around the 1.20 point may develop – Scotiabank GBPUSD Banks BOE
“Markets continue to imply solid expectations that the policy cycle will extend, with three more 25 bps hikes priced in through Sep; paring back of these rate bets will weigh on the Pound.”
“Cable has rebounded from the low 1.19 area for a third time since mid-Feb. While this area is important support on the short-term charts, recall that 1.1916 is where the 200-DMA lies and provides additional support for the GBP.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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