Pound Sterling (GBP) is currently retreating from last week’s highs, with the exchange rate moving towards the 1.33 support level. Analysts at Scotiabank, including Chief FX Strategists Shaun Osborne and Eric Theoret, note that the currency pair is exhibiting a mild bearish bias as traders await crucial domestic data releases scheduled for this Friday.
The market is poised for potential volatility, but domestic risk factors remain limited for now. With the GBP/USD trading cautiously, investors are closely monitoring economic indicators that could influence the currency's trajectory against the USD and EUR. As the week progresses, the data could provide direction for traders navigating this tight range.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 14:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.