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12 Mar 2025

GBP holds in low 1.29 zone – Scotiabank

Pound Sterling (GBP) is down slightly on the session, but price moves largely reflect the broader tone on the USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.

UK forgoes US steel tariff response

"The UK has decided against snap retaliation against US steel tariffs and will instead push for broader talks on trade to avoid additional measures."

"Cable continues to consolidate around Fib retracement resistance in the low 1.29 zone. Short-term trend momentum remains bullish, suggesting limited scope for GBP losses now; look for support at 1.2875/80. Resistance (bull break out trigger) is 1.2975."

Mar 12, 2025

EUR retains bullish undertone – Scotiabank

The Euro (EUR) peaked around 1.0950 yesterday vs US Dollar (USD), helped in part by news of progress in Ukraine peace talks, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Confirming you are not from the U.S. or the Philippines

GBP holds in low 1.29 zone – Scotiabank

UK forgoes US steel tariff response

EUR retains bullish undertone – Scotiabank

Canada BoC Interest Rate Decision in line with forecasts (2.75%)