{
  "id": 140589,
  "title": "British Pound: Range trade with upside risk against US Dollar – Scotiabank",
  "url": "https://urgent.news/2026/08/04/british-pound-range-trade-with-upside-risk-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T18:31:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-range-trade-with-upside-risk-against-us-dollar-scotiabank-202608041831"
  },
  "original_language": "en",
  "account": "British Pound maintains modest firmer position, trading within a range around the 1.34 level against the US Dollar, according to Scotiabank’s Global FX Strategy team. The pair has been pivoting near long-term moving averages, indicating neutral to bullish short-term technicals. While last week's rise has hinted at upside potential, gains through the 1.35 zone may enable the pound to retest a recent high of 1.3555/60. Support is identified slightly lower at 1.3390/00. Sterling’s performance has been modestly firmer on Tuesday, but limited trading due to the absence of UK data reports. EUR/GBP remains stable, with the US Dollar facing modest downside pressure from hopes of a diplomatic resolution to the Middle East crisis.",
  "summary": "Scotiabank’s Global FX Strategy team notes that Sterling remains modestly firmer, with GBP/USD continuing to pivot around long-term moving averages near 1.34.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "British Pound holds firm as USD rebounds from intervention rout",
        "url": "https://urgent.news/2026/07/31/british-pound-holds-firm-as-usd-rebounds-from-intervention-rout",
        "published": "2026-07-31T16:00:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}