GBP edges higher as geopolitical flows support Sterling – Scotiabank
The Pound Sterling (GBP) is modestly firmer against the US Dollar (USD), outperforming most G10 peers despite a lack of meaningful domestic data.

The Pound Sterling (GBP) is modestly firmer against the US Dollar (USD), outperforming most G10 peers despite a lack of meaningful domestic data. With risk sentiment largely unchanged and options markets offering few directional signals, GBP strength appears driven by geopolitical flows and confidence in the US-UK relationship, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Sterling resilient on US-UK relationship narrative

"The pound is up a fractional 0.1% vs. the USD and outperforming all of the G10 currencies with the exception of JPY. Domestic releases have been limited to second-tier credit/lending data, suggesting that the pound’s resilience is likely being driven by flows related to geopolitics and reflects the market’s assessment of the strength of the US/UK relationship."

"Risk reversals are little changed, offering little in terms of sentiment-driven movement. We are neutral awaiting a break of the two week range roughly bound between 1.34 and the mid1.35s."

FXStreet
Trade The World
Mais de um milhão de usuários confiam na FXStreet para dados de mercado em tempo real, ferramentas de gráficos, insights de especialistas e notícias de Forex. Seu calendário econômico abrangente e webinars educacionais ajudam os traders a se manterem informados e tomarem decisões calculadas. A FXStreet conta com uma equipe de cerca de 60 profissionais, divididos entre a sede em Barcelona e diversas regiões globais.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Explore Mais Ferramentas
Academia de Trading
Navegue por uma ampla gama de artigos educacionais cobrindo estratégias de trading, insights de mercado e fundamentos financeiros, tudo em um só lugar.
Saiba Mais
Cursos
Explore cursos de trading estruturados projetados para apoiar seu crescimento em cada etapa de sua jornada de trading.
Saiba Mais
Webinar
Participe de webinars ao vivo e sob demanda para obter insights de mercado em tempo real e estratégias de trading de especialistas da indústria.
Saiba Mais