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: 2025.11.17
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GBP steady and performing on the crosses - Scotiabank
Breaking news
GBP steady and performing on the crosses - Scotiabank
New
2025.11.17 23:44
2025.11.17 23:44
2025.11.17 23:44
The Pound Sterling (GBP) is down a marginal 0.1% against the US Dollar (USD) and performing relatively well against most of the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
RSI is marginally bearish
"Fiscal developments remain the primary focus for market participants as they assess the ongoing barrage of headlines related to the November 26 budget release. Interest rate differentials have recovered over the past week or so, offering the GBP some fundamental support."
"Near-term domestic risk lies with the release of CPI on Wednesday, followed by retail sales and the preliminary PMI's scheduled for Friday. The short-term rates market is pricing about 20bpts of easing for the next BoE meeting in December and pricing a full 50bpts by June, reflecting the BoE's recent communication and its focus on the softening UK labor market."
"The RSI is marginally bearish in the low 40s but well off the oversold sub-30 levels observed in early November. The GBP's recovery looks to have stalled around resistance just below 1.32, with near-term support observed around 1.3080."
Last updated
: 2025.11.17
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EUR/GBP retreats from highs as Sterling firms on profit-taking, BoE comments
The Euro weakens against the British Pound on Monday, with EUR/GBP extending its pullback after climbing to fresh year-to-date highs near 0.8865 on Friday, as traders react to contrasting signals from the European Central Bank (ECB) and the Bank of England (BoE).
New
2025.11.18 01:24GBP/USD steadies near 1.3165 as markets brace for key US jobs data
The Pound Sterling remains firm during the North American session as traders prepare for the first jobs report from the US, which would be released on Thursday, a day which usually features Initial Jobless Claims. At the time of writing, the GBP/USD trades at 1.3166, virtually unchanged.
New
2025.11.18 01:22EUR/CAD slides on mixed Canadian CPI and Oil market stabilization
EUR/CAD trades lower on Monday around 1.6250 at the time of writing, down 0.30% on the day, after Canada published a set of mixed inflation data for October.
New
2025.11.18 00:24Fed's Jefferson: Upside risks to inflation have likely declined
Federal Reserve (Fed) Governor Philip Jefferson spoke on Monday about the economic outlook and monetary policy at an event hosted by the Federal Reserve Bank of Kansas City. He said that they need to proceed slowly as monetary policy approaches the neutral rate.
New
2025.11.18 00:04BoE's Mann: Normalization on wages is under way
Bank of England (BoE) member of the Monetary Policy Committee (MPC), Catherine Mann, spoke on inflation and wages on Monday. She claimed that the underlying inflation dynamic shows upside risk.
New
2025.11.17 23:57USD/JPY's technicals are bullish - Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and a mid-performer among the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.11.17 23:47GBP steady and performing on the crosses - Scotiabank
The Pound Sterling (GBP) is down a marginal 0.1% against the US Dollar (USD) and performing relatively well against most of the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.11.17 23:43USD/CAD climbs as soft Canadian CPI and firm US Dollar pressure the Loonie
The Canadian Dollar (CAD) trades on the back foot against the US Dollar (USD) on Monday, with USD/CAD edging modestly higher following Canada's October inflation report. At the time of writing, the pair is trading around 1.4040, as a firmer Greenback adds to the downside pressure on the Loonie.
New
2025.11.17 23:43EUR softens toward 1.16 - Scotiabank
The Euro (EUR) is entering Monday's NA session with a modest 0.2% decline, softening toward 1.16 in an environment of broad-based US Dollar (USD) strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report
New
2025.11.17 23:34CAD needs catalyst to break trading range - Scotiabank
The Canadian Dollar (CAD) is little changed on the day and continues to hold within the trading range established around the 1.40 level, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.11.17 23:29Disclaimer:
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