The Pound Sterling (GBP) is little modified on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Break under 1.3160 to sign an extra drop
“In a single day value developments counsel the slide within the EUR dragged the GBP down in sympathy to a point though EUR/GBP retains a greater supplied tone because the cross nears 0.84 and a possible retest of the July low at 0.8380 (lowest since August 2022).”
“Quick-term developments within the GBP have turned flat after yesterday’s drop in Cable. Spot developments are holding a impartial sample in the mean time however lack of help at 1.3160 will sign potential for losses to increase just a little extra (in direction of 1.3050/60) within the coming days.”
