The pound to dollar exchange rate, currently at 1.22063, must exceed 1.2350 in order to demonstrate stronger technical capabilities, according to Scotiabank.

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GBPUSD Chart by TradingView

GBP/USD is putting in a solid session – by recent standards – so far today. Economists at Scotiabank analyze the pair’s outlook.

See: GBP/USD remains vulnerable to the 1.20/1.21 area – ING

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