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fxJul 9, 2026, 5:28 PM

Pound Recovery Tests Key Resistance Against Dollar – Scotiabank

The British Pound is slightly higher against the US Dollar as sentiment improves following PM Starmer’s resignation, according to Scotiabank strategists Osborne and Theoret.

GBPUSD

The British Pound (GBP) is trading marginally higher against the US Dollar (USD) as it tests a key resistance level, according to Scotiabank strategists Shaun Osborne and Eric Theoret.

The analysts note that sentiment around the pound has improved following the resignation of UK Prime Minister Keir Starmer. The GBP/USD pair is currently attempting to break through a significant technical barrier, which could determine its near-term direction.

No specific price levels were provided in the report, but the strategists describe the move as a recovery within the broader trend.

Source: FXStreet Forex News