GBP/USD: choppy sessions, headed to 1.32 area? - Scotiabank

Analysts at Scotiabank have a neutral/bearish view for GBP/USD.

Key Quotes:

"GBP/USD has been choppy, with initial gains through the upper 1.33 area stalling and the pound falling back to just above 1.33. 

"Markets appear to lack conviction on the near-term direction of the market back the loss of short-term support in the mid/upper 1.33s keeps more immediate focus on the downside, with risk towards the 1.32 area."

"Above 1.3375 eases near-term pressure on the pound."