GBP/USD: supported on USD weakness - Scotiabank

Analysts at Scotiabank noted that GB/USDP is quiet.

Key Quotes:

"Consolidating at the upper end of its recent range, a relative underperformer in an environment of broadbased USD weakness."

"GBP is trading in tandem with yield spreads and measures of sentiment continue to provide for support as we note the ongoing moderation in the relative cost of protection against downside risk."