Scotiabank predicts that strong data from the UK will assist in limiting the decline of GBPUSD below the 1.28 level.

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GBPUSD Chart by TradingView

GBP/USD slips back from another test of 1.2850. Economists at Scotiabank analyze Cable outlook.

See – GBP/USD: Key support at 1.2590 needs to hold to avoid a major top – Scotiabank

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