GBP/USD: Flat range trading unlikely to change any time soon – Scotiabank

GBP/USD stays neutral in its 1.2600/1.2825 trading range. Economists at Scotiabank analyze the pair’s outlook.

Little risk of a significant change

Flat range trading in the Pound has been a feature of broader trading since the middle of December and there is little to suggest that will change any time soon. 

The GBP/USD pair is unchanged on the day and intraday trading patterns are showing little risk of a significant change. 

Support is 1.2700/1.2710. Resistance is 1.2775 within the broader 1.2600/1.2825 trading range.