{
  "id": 2164229,
  "title": "British Pound: Sustained break above 1.3650 may open 1.41 – Scotiabank",
  "url": "https://urgent.news/2026/08/20/british-pound-sustained-break-above-1-3650-may-open-1-41-scotiabank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T14:59:38.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-sustained-break-above-13650-may-open-141-scotiabank-202608201459"
  },
  "original_language": "en",
  "account": "Scotiabank strategists Shaun Osborne and Eric Theoret explain that the recent GBP/USD gains to the mid-1.36s are primarily due to US Dollar (USD) weakness rather than intrinsic British Pound (GBP) strength. UK survey data indicates improving manufacturing orders and pricing power. Technically, Cable has met the near-term goal of retesting the May peak. A sustained move above 1.3650/60 is seen as a potential extension towards 1.41 this year. The August CBI Trends survey revealed significant improvement in weak manufacturing orders and a rebound in industrial pricing power. Bullish trend dynamics remain solid, and a sustained push above 1.3650/60 implies an extension towards the 1.41 zone over the year.",
  "summary": "Scotiabank strategists Shaun Osborne and Eric Theoret note that GBP/USD gains into the mid-1.36s are driven more by US Dollar (USD) weakness than intrinsic British Pound (GBP) strength, though United Kingdom (UK) survey data show improving manufacturing orders and pricing power.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "British Pound gains as US Dollar softens on Treasury bond buybacks",
        "url": "https://urgent.news/2026/08/20/british-pound-gains-as-us-dollar-softens-on-treasury-bond-buybacks",
        "published": "2026-08-20T08:18:30.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "US dollar falls to three-month low as Treasury moves to soothe bond jitters",
        "url": "https://urgent.news/2026/08/20/us-dollar-falls-to-three-month-low-as-treasury-moves-to-soothe-bond",
        "published": "2026-08-20T09:16:00.000Z"
      },
      {
        "outlet": "The Corner",
        "title": "Tension in US debt: Treasury announces it will double bond buybacks and manages to lower long-term yields",
        "url": "https://urgent.news/2026/08/20/tension-in-us-debt-treasury-announces-it-will-double-bond-buybacks",
        "published": "2026-08-20T10:52:36.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "World shares are mixed after US Treasury expands debt buybacks, while Brent crude gains 2.2%",
        "url": "https://urgent.news/2026/08/20/world-shares-are-mixed-after-us-treasury-expands-debt-buybacks-while",
        "published": "2026-08-20T11:57:53.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "Dollar hits 3-month low vs euro, pares losses after Treasury move",
        "url": "https://urgent.news/2026/08/20/dollar-hits-3-month-low-vs-euro-pares-losses-after-treasury-move",
        "published": "2026-08-20T14:19:07.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Treasury buybacks could set up Bitcoin’s next move toward $180,000, says strategist",
        "url": "https://urgent.news/2026/08/20/treasury-buybacks-could-set-up-bitcoins-next-move-toward-180-000-says",
        "published": "2026-08-20T16:17:32.000Z"
      },
      {
        "outlet": "MarketWatch Top",
        "title": "The biggest loser from the Treasury’s latest buyback plan: The U.S. dollar. Here’s why.",
        "url": "https://urgent.news/2026/08/20/the-biggest-loser-from-the-treasurys-latest-buyback-plan-the-u-s",
        "published": "2026-08-20T16:22:00.000Z"
      }
    ]
  },
  "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."
}