Forex Flash: GBP/USD outlook bullish; year-end forecast 1.62 – Scotiabank

FXstreet.com (San Francisco) - According to Eric Theoret, Currency Strategist at Scotiabank, the outlook for GBPUSD remains bullish, with "all signals [pointing] to further gains; support at 1.6050, resistance at 1.6150," he details in a research note. "We hold a year end forecast of 1.62, anticipating a 0.5% gain from current levels. "

GBPUSD currently exchanges at 1.6110.