GBP/USD: Intraday gains through 1.2670 should put yesterday’s peak just under 1.27 within reach – Scotiabank

GBP/USD: Intraday gains through 1.2670 should put yesterday’s peak just under 1.27 within reach – Scotiabank GBPUSD Technical Analysis Banks

The BoE/Ipsos 12m inflation survey is released early Friday and may sway markets to some extent but may not change the prospect of still higher policy rates in the UK – a key support for the GBP – to any significant extent.

Intraday gains through 1.2670 should put yesterday’s peak just under 1.27 within reach. Broader trends suggest a push on to major retracement resistance at 1.2760. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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