GBP/USD short-term technicals are neutral/bullish - Scotiabank

Analysts at Scotiabank's technical analyses of GBP/USD ...

Key Quotes:

"Sterling cracked the base of the consolidation range we highlighted yesterday (support in the mid-1.28s) to reach the low 1.28s but reversed losses smartly over the balance of the European morning session and remains near session highs at writing."

"Broader technical are leaning bullish but the GBP has a fair bit more work to do to bolster longer run prospects."