GBP traders waiting for the UK GDP on Thursday – Scotiabank

FXStreet – The Scotiabank analysts explain that the GBP is in an environment of broad USD weakness.

Important Quotes:

“The fundamental publications are limited and there is no important data before the GDP on Thursday (second estimate).”

“The Short positioning in the GBP seems to be in the last two weeks of a moderate, but the currency is for a Squeeze-prone.”

** FXStreet News Editorial, FXStreet**

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