GBP/USD to grind higher towards 1.3820/25 after eroding the 1.3750 resistance – Scotiabank

The GBP has taken advantage of the modestly softer USD tone to revisit the mid 1.37s. Above here, the cable would target the 1.3820/25 region, economists at Scotiabank report.

Trend signals are mixed

“We spot minor resistance at 1.3750, with gains through here targeting 1.3820/25.”

“Trend signals are mixed and not supportive of a stronger move up in the GBP at this point, however.”