Ever wonder when a currency’s mood swings start to resemble your Monday mornings? That’s exactly where the Pound Sterling (GBP) finds itself — teetering just above its late June low, trying hard not to spiral into a full-blown nosedive. Think of it like a tightrope walker with a breath held, where one slip could shatter the bullish vibe that’s been hanging on since mid-January. Scotiabank’s sharp minds, Shaun Osborne and Eric Theoret, are sounding alarms as the market buzzes about potential Bank of England (BoE) rate cuts, fueled by a hotter-than-expected UK CPI report. It’s a jigsaw puzzle of fading rate cut hopes and technical signs hinting at bearish tides, leaving traders and investors alike biting their nails. Can the pound hold its ground, or are we staring at a trend flip that might shake up everything we thought was solid? Dive deeper into the twists and turns shaping the GBP’s outlook and why Andrew Bailey’s BoE could be the puppet master pulling the strings. LEARN MORE
The Pound Sterling (GBP) is also steady and attempting stabilization following a recent run of weakness, holding on just above its late June low – a break of which would call for a shift in the bull trend, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
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