According to Scotiabank, if the GBPUSD pair surpasses the 1.2820 level, it is expected to move towards the lower 1.30s.

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GBPUSD Chart by TradingView

GBP/USD consolidates in a tight range below 1.2750. Economists at Scotiabank analyze the pair’s technical outlook.

See – GBP/USD: The Pound will still be vulnerable if UK recession risks rise – Rabobank

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