Forex
GBP/USD Tests Resistance Zone, Paving Way for Potential 1.41 Target
The Pound to US Dollar exchange rate has been testing the mid-1.36s, bringing Scotiabank's conditional route towards 1.41 into focus.
The bank's scenario depends on a durable advance beyond the 1.3650/60 area, which has contained Sterling near its early-May peak.
Sucden Financial analysts highlighted this zone as the breakout point and said the next broader objective was 1.3848, with the January high around that level representing a broader upside target.
The two institutions reach a similar bullish conclusion but on different horizons: Scotiabank's conditional 1.41 objective extends through the balance of 2026, while Sucden sees 1.3848 as an intermediate test of whether the larger scenario is gaining traction.