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fxAug 11, 2026, 6:29 PM

Sterling Recovery Eyes 1.36 Resistance Against US Dollar – Scotiabank

GBP/USD consolidates near the upper end of one-month and multi-month ranges, with Scotiabank strategists highlighting fading downside risk and a possible test of 1.36 resistance.

GBPUSD

The British Pound is trading near the top of its one-month and multi-month ranges against the US Dollar, according to Scotiabank strategists Shaun Osborne and Eric Theoret. The analysts see price action reflecting a reduction in downside risks, with the pair eyeing potential resistance around the 1.36 level.

The recovery appears to be gaining traction as the currency pair consolidates recent gains. The strategists note that the pound's rebound is consolidating near key technical levels, and a sustained break above 1.36 would be needed to confirm further upside momentum.

Source: FXStreet Forex News