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: 2025.10.16
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GBP is outperforming on stronger trade - Scotiabank
Breaking news
GBP is outperforming on stronger trade - Scotiabank
New
2025.10.16 23:28
2025.10.16 23:28
2025.10.16 23:28
The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Thursday's NA session with gains driven by the release of stronger than expected domestic data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP outperforms on industrial production data
"Trade and industrial production both surprised to the upside in August, offering a positive offset to the disappointing employment figures released earlier this week. Sentiment remains a dominant driver for GBP and spread correlations are weak, with markets focused on fiscal developments and the need for a larger buffer into the November 26 budget release."
"Tthe RSI is at 50 and the GBP's latest recovery is threatening a break of the 50 day MA at 1.3476. We see limited resistance ahead of 1.35 and look to a near-term range bound between 1.3380 and 1.3480."
Last updated
: 2025.10.16
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GBP/USD extends recovery amid US Dollar softness and modest UK GDP growth
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2025.10.17 01:56USD/CAD steadies amid US-China trade tensions, markets await BoC Governor's speech
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Thursday as the Greenback remains under pressure amid escalating US-China trade tensions and growing expectations of further interest rate cuts by the Federal Reserve (Fed).
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2025.10.17 00:15AUD/USD dips below 0.6500 as unemployment rises, RBA rate-cut bets increase
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2025.10.17 00:01JPY underperforming on broader market tone - Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of renewed risk appetite, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.10.16 23:29GBP is outperforming on stronger trade - Scotiabank
The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Thursday's NA session with gains driven by the release of stronger than expected domestic data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.10.16 23:26Disclaimer:
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