GBP/USD comfortable in range 1.6732 to 1.6996

FXStreet (Barcelona) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted GBP is flat to Friday’s close and the U.K. is on holiday celebrating its spring bank holiday.

Key Quotes

"This is also a notably quiet week for data with GfK consumer confidence the highlight. However, the market’s focus will be on the May 27th speech by Governor Carney at the Conference on inclusive capitalism."

"GBP/USD short‐term technicals: mixed suggesting that GBP is likely to remain comfortable in its range (1.6732 to 1.6996) in the near‐term."