GBP/USD: the tone remains neutral to bearish in the short term (Scotiabank)

Scotiabank notes a neutral to bearish bias on the GBP/USD in the short term.

"The GBP/USD had found support below 1.41 on Wednesday and was able to recover overnight.

The short-to-medium-term trend on the pound remains rather positive, but the short-term momentum has weakened, suggesting that the GBP/USD remains subject to weakening.

We continue to see a first support level at 1.4075/85. A resistance level is at 1.4200/10."