The GBPUSD currency pair is currently trading at a rate of 1.28612. It has made gains that have taken it up to 1.2865, indicating that it is likely to continue its upward trajectory and reach the 1.30 level. This analysis has been provided by Scotiabank.

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GBPUSD Chart by TradingView

GBP/USD holds modest rebound. Economists at Scotiabank analyze the pair’s technical outlook.

See – GBP/USD: Scope for a deeper setback to the 55-DMA at 1.2676, but with support expected here – Credit Suisse

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