The GBP/USD pair is showing a mildly bullish trend above the 1.2700 level, according to Scotiabank. The pair has been holding steady above this key level, indicating a positive outlook for the pound against the US dollar. Traders are advised to keep an eye on this level as it could serve as a support for further upside movement.
Scotiabank’s analysis suggests that the pound may continue to strengthen against the dollar in the near term. However, it is important to monitor any developments that could potentially reverse this trend. Overall, the outlook for the GBP/USD pair remains slightly bullish as long as it stays above the 1.2700 level.