Created
: 2025.03.11
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP firmer but lags EUR gains - Scotiabank
Breaking news
GBP firmer but lags EUR gains - Scotiabank
New
2025.03.11 23:15
2025.03.11 23:15
2025.03.11 23:15
Pound Sterling (GBP) is firmer on the session, with the EUR's gains still proving the GBP with its essential dynamism, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP lags EUR gains driving a jump in EUR/GBP
"The pound has lagged the jump in the EUR, however, resulting in a jump in EURGBP back above 0.84 to ate January levels. UK data reports remain few and far between. The British Retail Consortium's February survey of retail activity reflected softer than expected sales last month, with non-food sales falling 0.1%."
"GBP is still effectively in consolidation mode, holding within the consolidation range that formed late last week and held yesterday. Cable gains need to push on through the consolidation range ceiling (1.2948) to progress towards 1.30/1.31. Support is 1.2860."
Last updated
: 2025.03.11
Related articles
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
23 minutes agoIndia Gold price today: Gold steadies, according to FXStreet data
42 minutes agoEUR/USD declines to near 1.0900 on renewed US Dollar demand, US CPI data looms
47 minutes agoUSD/CAD holds gains near 1.4450 ahead of US CPI data, BoC interest rate decision
2025.03.12 12:53GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI
2025.03.12 12:02US CPI data set to show inflation edged lower in February as markets gauge Fed's rate cut path
2025.03.12 12:00
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
EUR/JPY continues its upward momentum for the second consecutive day, trading around 161.60 during Wednesday's Asian session.
New
2025.03.12 13:54Gold price consolidates near weekly high; looks to US CPI for fresh impetus
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low.
New
2025.03.12 13:50India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
New
2025.03.12 13:36EUR/USD declines to near 1.0900 on renewed US Dollar demand, US CPI data looms
The EUR/USD pair attracts some sellers to near 1.0900, snapping the three-day winning streak during the Asian trading hours on Wednesday.
New
2025.03.12 13:30USD/CAD holds gains near 1.4450 ahead of US CPI data, BoC interest rate decision
USD/CAD maintains its gains after a previous session of losses, trading around 1.4440 during Asian hours on Wednesday.
New
2025.03.12 12:53Silver Price Forecast: XAG/USD hovers near $33.00, four-month highs
Silver price (XAG/USD) loses ground after registering gains in the previous session, trading around $32.80 during the Asian hours on Wednesday.
New
2025.03.12 12:07GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI
The GBP/USD pair edges lower during the Asian session on Wednesday and erodes a part of the previous day's strong move up to over a four-month peak, around the 1.2965 area.
New
2025.03.12 12:02US CPI data set to show inflation edged lower in February as markets gauge Fed's rate cut path
The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for February on Wednesday at 12:30 GMT.
New
2025.03.12 12:00Japanese Yen retreats further from multi-month high set against USD on Tuesday
The Japanese Yen (JPY) continues losing ground against its American counterpart for the second straight day on Wednesday and moves away from the highest level since October touched the previous day.
New
2025.03.12 11:58USD/INR weakens as traders await Indian/US CPI inflation releases
The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency.
New
2025.03.12 11:28Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
