Idea on Chart

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Idea on ChartGreat British Pound vs. US DollarFX:GBPUSDEZIO-FXGBPUSD Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the British Pound (GBP) is only marginally firmer versus the US Dollar (USD) despite stronger-than-expected August retail sales. They argue Thursday’s hawkish Bank of England (BoE) hold may cap near-term gains, even as UK politics remain supportive with continued confidence in the government’s fiscal responsibility. Technically, the broader uptrend from June persists, but GBP/USD must hold above the mid/lower-1.33s to preserve ascending support.