GBP/USD: Supported on USD Weakness - Scotiabank
Analysts at Scotiabank noted that GB/USDP is quiet.
Key Quotes:
"Consolidating at the upper end of its recent range, a relative underperformer in an environment of broadbased USD weakness."
"GBP
is trading in tandem with yield spreads and measures of sentiment
continue to provide for support as we note the ongoing moderation in the
relative cost of protection against downside risk."
