GBP/USD aims to stabilize above 1.3925 – Scotiabank

FX Strategists at Scotiabank remain bearish on Cable, adding that some stabilization could come on a breakout of 1.3925. Key Quotes “Sterling is under-performing on the day following the release of Q4 GDP data which was revised lower to +0.4% Q/Q (from +0.5%). Weaker household


GBP/USD now struggling to sustain above 1.39 handle

   •  Investors look past today’s weaker UK GDP figures.   •  Subdued USD price action prompts some short-covering. The GBP/USD pair quickly reversed a dip to fresh 6-day through and spiked nearly over 50-pips from session lows, albeit once again failed to sustain above the


AUD/USD scope for a test of 0.7730 – UOB

FX Strategists at UOB Group believe the pair could slip back to the 0.7730 region in the near term. Key Quotes 24-hour view: “The anticipated weakness exceeded our expectation by a wide margin as AUD crashed through several strong support levels before ending the day