- Analytics
- News and Tools
- Market News
- GBP firmer in line with European peers – Scotiabank
GBP firmer in line with European peers – Scotiabank
Pound Sterling (GBP) is firmer, in line with its European peers, as Gilt yields perk up on higher spending risks. UK data showed more or less as expected borrowing data for January, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Gilt yields rise on spending outlook
"Revised data for the February Manufacturing PMI improved to a still soft 46.9, from the preliminary 46.4."
"Sterling gains on the session suggest a firm bid from the upper 1.25 zone to regain to the 100-day MA (1.2623). GBP resistance at 1.2720, last week’s high, remains firm resistance amid weak trend momentum, however, and spot will need to overcome this level to extend gains through the upper 1.27s in the short run."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
