According to Scotiabank, if the GBPUSD reaches a level of 1.27230, bouncing back above 1.2800 would have a beneficial impact on the Pound in the short term.

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GBPUSD Chart by TradingView

GBP/USD has found decent support on dips over the past week but gains have been capped below 1.28. Economists at Scotiabank analyze the pair’s outlook.

See: The Pound will come under depreciation pressure in the medium term – Commerzbank

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