According to Scotiabank, GBPUSD at 1.26288 is expected to stabilize within a lower range of 1.23 to 1.25 if it continues to weaken below the 1.26 zone.

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GBPUSD Chart by TradingView

GBP/USD slides on weaker-than-expected PMIs. Economists at Scotiabank analyze the pair’s outlook.

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