GBP/USD technically mixed with Fed ahead - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the next news surrounding the pound and sees a mixed technical outlook ahead.

Key Quotes:

"Tomorrow Governor Carney will speak, however it is an event honouring the late Canadian Finance Minister, Flaherty, accordingly it is unlikely to be market moving. The near‐term risk for GBP from here is tomorrow’s Fed meeting."

"GBP/USD short‐term technicals: mixed—which represents the range trading environment GBP faces. There is likely better risk reward elsewhere; however we still favour short EUR/GBP positions for medium term traders."