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Sterling in buy territory - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained events surrounding sterling.

Key Quotes

"Public sector borrowing was higher than expected but in line with recent levels. Tomorrow’s BoE minutes are important."

"GBP/USD short‐term technicals: mixed—shifting increasingly towards buy territory but with most signals lacking conviction. Support lies at 1.6080, while resistance comes in at the recent high of 1.6227."

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