GBP/USD TO SEE ADDITIONAL GAINS TO 1.3000 IN THE NEXT FEW WEEKS – SCOTIABANK

Cable’s gains are holding comfortably in the mid-1.2800s, the highest for the pound since last July. Economists at Scotiabank analyze GBP/USD outlook.

Cable consolidates solid gains through recent range ceiling

Sterling’s gains through the low 1.2800s last week take Cable out of its long-standing trading range and target additional gains to 1.3000 in the next few weeks, potentially.

Short-term price action looks more consolidative, however, with spot holding well within Friday’s range