GBP/USD: Pound consolidates in tight band – Scotiabank

Scotiabank analysts say the Pound is slightly softer against the Dollar, consolidating near 1.34 after a recovery from mid‑March lows. Scotiabank analysts say the Pound is slightly softer against the Dollar, consolidating near 1.34 after a recovery from mid‑March lows. Scotiabank analysts say the Pound is slightly softer against the Dollar, consolidating near 1.34 after a recovery from… Scotiabank analysts say the Pound is slightly softer against the Dollar, consolidating near 1.34 after a recovery from mid‑March lows. Scotiabank analysts say the Pound is slightly softer against the Dollar, consolidating near 1.34 after a recovery from mid‑March lows. Mixed UK PMI data leave both manufacturing and services just above 50, while markets focus on BoE Chief Economist Pill’s speech as rate expectations have swung toward roughly 60 bps of tightening by year‑end.Sterling holds within defined range"The pound is soft, down 0.2% vs. the USD and seeing short-term congestion… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.