British Pound: Bullish flag points to range highs against US Dollar – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret see the British Pound (GBP) supported by stronger-than-expected UK labour data. Unemployment fell to 4.7% versus 4.9% expected, while earnings excluding bonuses rose 3.7%, reinforcing Bank of England (BoE) tightening expectations.