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fxJul 16, 2026, 6:01 PM

GBP/USD Dips Seen as Buying Opportunity: Scotiabank

Scotiabank strategists view GBP/USD's current dips as a buying opportunity, noting the pullback follows a strong advance driven by expectations of market-friendly policies.

GBPUSD

Scotiabank strategists Shaun Osborne and Eric Theoret note that GBP/USD is trading slightly weaker on Wednesday, giving back a portion of the sharp gains seen in the previous session. The earlier strength was supported by market optimism surrounding a centrist, market-friendly approach from UK political figures.

Despite the pullback, the strategists view the dips as a buying opportunity, suggesting the underlying positive sentiment remains intact. No specific support or resistance levels were mentioned in the analysis.

Source: FXStreet Forex News