Created
: 2025.03.14
- 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 consolidates in mid-1.29s - Scotiabank
Breaking news
GBP consolidates in mid-1.29s - Scotiabank
New
2025.03.14 22:52
2025.03.14 22:52
2025.03.14 22:52
Pound Sterling (GBP) is little changed on the session after UK GDP data fell 0.1% in the January month, a little weaker than forecast, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP/USD appears to be consolidating ahead of another push higher
"The rolling 3m/3m measure rose 0.2%, in line with forecasts. Weak January activity was the result of global uncertainty and tariff concerns, UK Chancellor Reeves suggested, but the UK economy's struggle to grow away from stagnation continues, regardless."
"The GBP has not made a lot of headway this week but it hasn't lost much ground either. The GBP rally has stalled but there is no strong sign from price action that recent gains are poised to reverse. Rather, the market appears to be consolidating ahead of another push higher. Short -term support is 1.2910. Resistance (and minor bull trigger) is 1.2955 and 1.2990."
Last updated
: 2025.03.14
Related articles
GBP/USD slides as UK economy falters ahead of central bank bonanza
2025.03.15 00:27US UoM Consumer Sentiment Index is seen declining to 57.9 in March
2025.03.14 23:04EUR/USD briefly back at 1.09 after Trump's tariffs face headwind
2025.03.14 22:54GBP consolidates in mid-1.29s - Scotiabank
2025.03.14 22:51EUR/USD: Signs that German parties agree on debt package - Scotiabank
2025.03.14 22:47CAD holds range on the day - Scotiabank
2025.03.14 22:43
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
GBP/USD slides as UK economy falters ahead of central bank bonanza
The Pound Sterling registers back-to-back bearish days, dropping some 0.14% on Friday against the Greenback after economic data from the UK revealed that the Gross Domestic Product (GDP) contracted.
New
2025.03.15 00:27US UoM Consumer Sentiment Index is seen declining to 57.9 in March
US Consumer Sentiment took a dip in early March, according to the preliminary reading of the University of Michigan's Consumer Sentiment Index.
New
2025.03.14 23:04EUR/USD briefly back at 1.09 after Trump's tariffs face headwind
The EUR/USD pair edges higher and recovers to 1.0900 at the time of writing on Friday, erasing its sluggish performance from earlier this week.
New
2025.03.14 22:54GBP consolidates in mid-1.29s - Scotiabank
Pound Sterling (GBP) is little changed on the session after UK GDP data fell 0.1% in the January month, a little weaker than forecast, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.03.14 22:51EUR/USD: Signs that German parties agree on debt package - Scotiabank
The EUR is tracking higher on the session, with late week dips to the low 1.08 zone prompting some renewed buying interest from bargain hunters.
New
2025.03.14 22:47CAD holds range on the day - Scotiabank
The Canadian Dollar (CAD) is trading slightly more firmly on the session, helped by an improvement in risk appetite that has lifted high beta FX generally, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.03.14 22:43USD slips on the day - Scotiabank
The Dollar Index (DXY) is trading lower at the end of the week.
New
2025.03.14 22:40US Dollar trades slightly lower ahead of final US data of the week
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, sees volatility abate this week.
New
2025.03.14 21:05JPY is under a downward pressure - BBH
Japanese Yen (JPY) is under broad downside pressure in line with a modest recovery in equity markets, BBH FX analysts report.
New
2025.03.14 19:37GBP trades lower vs USD and EUR - BBH
Pound Sterling (GBP) is down versus US Dollar (USD) and Euro (EUR).
New
2025.03.14 19:35Disclaimer:
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
