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Sterling is one to watch this week - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the conditions surrounding GBP/USD.

Key Quotes:

“The highlight this week will be the release of the BoE’s Inflation Report, which will provide an update on the central bank’s outlook."

"GBP/USD short‐term technicals: bearish— spot is making an attempt to climb off its lows but struggling; technicals wouldn’t turn more bullish unless spot can break above Thursday’s open of 1.5976”.

“Support lies at the recent low of 1.5791."

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