GBP firmer as markets pare bets for BoE easing – Scotiabank
Pound Sterling (GBP) is up about 0.6% vs. the USD and a mid-performer among its G10 peers, climbing back into the 1.29-1.30 congestion range that had prevailed ahead of last week’s tariff turbulence, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Read more…
GBP: Gilt baggage – ING
EUR/GBP briefly traded to 0.8650 yesterday – a move which seems to coincide with the sell-off in UK gilts. That UK gilts even underperformed US Treasuries is quite remarkable and probably very unnerving for the UK’s Debt Management Office, ING’s FX analyst Chris Turner notes. Read more…
GBP/USD: Still trading in a range – UOB Group
Pound Sterling (GBP) is still trading in a range vs US Dollar (USD), expected to be between 1.2750 and 1.2870. In the longer run, GBP could decline further; it is unclear if it can reach the next major support at 1.2580, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Read more…
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