Heading into the weekend, the USD came under renewed selling pressure and helped GBP/USD stretch higher. The monthly report ...

GBP/USD rebound reflects an unwinding of oversold conditions rather than the start of a sustained uptrend, with gains likely capped near 1.3235.

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On the technical side, Scotiabank notes that GBP/USD remains bearish in the short term, but key support has been found at 1.3140, the low seen in May and August, and a major retracement level of the ...