Pound Sterling (GBP) Soft, USD (USD) compared to 0.3% and broadcast USD trading in the USD, notes Shaun Osborne, the main FX-strategist of Scotiabank.
GBP/USD trend remains a bullish
“The pound reached the fresh high at the end of Monday's session, last reaching in February 2022. The domestic outlet calendar is limited and the designed Boe speakers are likely to create all market-moving headlines, taking into account the widespread message for the 25bt section of the 25bt section for 8th May Boe political meeting.”
“Boe also releases a fresh forecast kit and is likely to provide initial analysis of US tariffs and their growth and inflation.”
“The trend of the bull is intact and has been reinforced with the GBP impetus to the fresh several years height of 1.34 in the middle of the 1.34
