According to Scotiabank, the GBPUSD pair is currently trading at 1.27632. There is a resistance level at 1.2785/1.2795, and just above that, the 40-day moving average is at 1.2815.

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GBPUSD Chart by TradingView

Sterling shrugs off more weak housing data. Economists at Scotiabank analyze GBP outlook.

See: EUR/GBP seems happy to trace out an 0.8600-0.8650 range for the time being – ING

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