- Analytics
- News and Tools
- Market News
- GBP firmer but lags EUR gains – Scotiabank
GBP firmer but lags EUR gains – Scotiabank
Pound Sterling (GBP) is firmer on the session, with the EUR’s gains still proving the GBP with its essential dynamism, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP lags EUR gains driving a jump in EUR/GBP
"The pound has lagged the jump in the EUR, however, resulting in a jump in EURGBP back above 0.84 to ate January levels. UK data reports remain few and far between. The British Retail Consortium’s February survey of retail activity reflected softer than expected sales last month, with non-food sales falling 0.1%."
"GBP is still effectively in consolidation mode, holding within the consolidation range that formed late last week and held yesterday. Cable gains need to push on through the consolidation range ceiling (1.2948) to progress towards 1.30/1.31. Support is 1.2860."
© 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
